Citic Ltd. (OTCMKTS:CTPCY – Get Free Report)’s stock price was down 13.6% during trading on Friday. The company traded as low as $7.78 and last traded at $7.78. 611 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 2,090 shares. The stock had previously closed at $9.00.
Citic Trading Down 6.7%
The firm’s 50-day moving average is $7.96 and its two-hundred day moving average is $7.87.
About Citic
CITIC Limited is a China-based conglomerate with operations spanning financial services, resources and energy, manufacturing, engineering contracting, infrastructure, real estate and consumer-related businesses. The company serves corporate, institutional and retail customers through a diversified portfolio of businesses.
Its financial services activities include banking, trust, securities, insurance and asset management. Other operations are involved in the exploration and processing of natural resources, special steel and heavy equipment manufacturing, infrastructure development, construction and engineering services, property development, and the production or distribution of consumer products.
CITIC traces its origins to the establishment of China International Trust and Investment Corporation in 1979.
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