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Citic (OTCMKTS:CTPCY) Stock Price Up 3.9% - Here's What Happened

Citic logo with Multi-Sector Conglomerates background

Key Points

  • Citic Ltd. experienced a share price increase of 3.9% on Monday, reaching a trading high of $7.74 with a significant surge in trading volume.
  • The company announced an increase in its dividend to $0.2306, representing a yield of 497.0%, with dividends payable on August 25th.
  • Citic operates in various sectors including financial services and advanced manufacturing, highlighting its diversified business model.
  • Want stock alerts on Citic? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Citic Ltd. (OTCMKTS:CTPCY - Get Free Report)'s share price was up 3.9% during trading on Monday . The company traded as high as $7.74 and last traded at $7.74. Approximately 1,478 shares were traded during mid-day trading, an increase of 713% from the average daily volume of 182 shares. The stock had previously closed at $7.45.

Citic Price Performance

The business has a 50-day moving average of $6.91 and a 200 day moving average of $6.25. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.34 and a quick ratio of 0.33.

Citic Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, August 25th. Stockholders of record on Tuesday, July 1st will be issued a $0.2306 dividend. This is a boost from Citic's previous dividend of $0.12. This represents a dividend yield of 497.0%. The ex-dividend date of this dividend is Monday, June 30th.

About Citic

(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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