Citic (OTCMKTS:CTPCY) Shares Gap Up - Time to Buy?

Key Points

• Citic Ltd. shares gapped up from a previous close of $7.06 to open at $7.28, with a trading volume of 1,352 shares.
• The company recently declared a dividend of $0.1201, which corresponds to a significant dividend yield of 452.0%.
• Citic operates in various sectors including financial services, manufacturing, and engineering, providing a wide range of integrated financial services globally.

Citic Ltd. (OTCMKTS:CTPCY - ) gapped up before the market opened on Friday . The stock had previously closed at $7.06, but opened at $7.28. Citic shares last traded at $7.28, with a volume of 1,352 shares trading hands.

Citic Trading Down 0.6%

The firm has a 50-day simple moving average of $7.48 and a 200 day simple moving average of $6.74.

Citic Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, September 24th will be given a $0.1201 dividend. This represents a dividend yield of 452.0%. The ex-dividend date of this dividend is Tuesday, September 23rd.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.