Citic (OTCMKTS:CTPCY) Reaches New 52-Week High - Should You Buy?

Key Points

• Citic Ltd. reached a new 12-month high, trading at $7.59, which is an increase from its previous close of $7.45.
• The company announced a significant dividend increase to $0.2306, translating to a dividend yield of 497.0%, up from the prior $0.12.
• Citic operates across multiple sectors, including financial services, advanced materials, and engineering, providing a wide range of integrated financial services.

Citic Ltd. (OTCMKTS:CTPCY - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $7.59 and last traded at $7.59, with a volume of 1336 shares changing hands. The stock had previously closed at $7.45.

Citic Stock Up 1.9%

The company has a quick ratio of 0.33, a current ratio of 0.34 and a debt-to-equity ratio of 1.31. The firm's 50 day simple moving average is $7.01 and its two-hundred day simple moving average is $6.30.

Citic Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, August 25th. Investors of record on Tuesday, July 1st will be paid a dividend of $0.2306 per share. This represents a dividend yield of 497.0%. The ex-dividend date is Monday, June 30th. This is an increase from Citic's previous dividend of $0.12.

About Citic

CITIC Limited operates in financial services, advanced intelligent manufacturing, advanced materials, consumption, urbanization, resources and energy, and engineering contracting businesses worldwide. The Comprehensive Financial Services segment provides banking, investment research, securities brokerage, trust, insurance and reinsurance, investment banking, wealth and asset management, financial markets, equity investment, financing, and other integrated financial services.