Citic (OTCMKTS:CTPCY) Sets New 12-Month Low – Time to Sell?

Citic Ltd. (OTCMKTS:CTPCYGet Free Report)’s stock price reached a new 52-week low on Monday . The company traded as low as $6.52 and last traded at $6.52, with a volume of 134 shares trading hands. The stock had previously closed at $7.50.

Citic Price Performance

The firm’s fifty day simple moving average is $8.27 and its 200-day simple moving average is $7.92. The company has a quick ratio of 0.23, a current ratio of 0.24 and a debt-to-equity ratio of 1.32.

About Citic

(Get Free Report)

CITIC (OTCMKTS: CTPCY) is a diversified Chinese conglomerate and the publicly traded arm of CITIC Group, a state-owned investment company. The company operates as an investment holding platform with businesses spanning financial services, resources and energy, manufacturing, engineering contracting, real estate, and investment and asset management. Through its portfolio of operating units and equity investments, CITIC participates in both commercial and industrial activities across multiple sectors.

In financial services, CITIC’s activities typically include banking, securities, trust and other capital market-related businesses conducted via holdings and strategic investments.

Further Reading

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