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Citic (OTCMKTS:CTPCY) Sets New 1-Year High - Time to Buy?

Citic logo with Multi-Sector Conglomerates background
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Citic Ltd. (OTCMKTS:CTPCY - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $8.65 and last traded at $8.45, with a volume of 1085 shares changing hands. The stock had previously closed at $8.30.

Citic Stock Up 1.8%

The company has a fifty day simple moving average of $7.67 and a two-hundred day simple moving average of $7.69. The company has a quick ratio of 0.23, a current ratio of 0.24 and a debt-to-equity ratio of 1.32.

Citic Company Profile

(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.

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