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Citic (OTCMKTS:CTPCY) Shares Gap Down - Here's Why

Citic logo with Multi-Sector Conglomerates background

Citic Ltd. (OTCMKTS:CTPCY - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $6.91, but opened at $6.54. Citic shares last traded at $6.54, with a volume of 1,028 shares.

Citic Stock Performance

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 company's 50 day simple moving average is $6.64 and its 200-day simple moving average is $6.09.

Citic Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, August 25th. Shareholders of record on Tuesday, July 1st will be paid a $0.2306 dividend. The ex-dividend date of this dividend is Monday, June 30th. This is a boost from Citic's previous dividend of $0.12. This represents a yield of 4.97%.

Citic Company Profile

(Get Free Report)

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.

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