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Citic (OTCMKTS:CTPCY) Trading Down 9.3% - Here's What Happened

Citic logo with Multi-Sector Conglomerates background

Key Points

  • Citic Ltd. shares experienced a significant drop of 9.3%, trading at $7.06, with an unusual increase in trading volume.
  • The company reported a dividend yield of 452.0%, with a dividend payment of $0.1201 scheduled for December 1st.
  • Citic maintains a debt-to-equity ratio of 1.31, indicating higher leverage relative to its equity.
  • Five stocks we like better than Citic.

Shares of Citic Ltd. (OTCMKTS:CTPCY - Get Free Report) were down 9.3% on Wednesday . The company traded as low as $7.06 and last traded at $7.06. Approximately 190 shares were traded during mid-day trading, an increase of 569% from the average daily volume of 28 shares. The stock had previously closed at $7.78.

Citic Stock Down 9.3%

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 business's fifty day moving average is $7.35 and its two-hundred day moving average is $6.64.

Citic Cuts Dividend

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

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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