Citic (OTCMKTS:CTPCY) Shares Climb 20.3% – Still a Buy?

Shares of Citic Ltd. (OTCMKTS:CTPCY) traded up 20.3% on Friday. The stock traded as high as $8.6340 and last traded at $8.6340. 140 shares changed hands during trading, a decline of 94% from the average session volume of 2,527 shares. The stock had previously closed at $7.18.

Citic Stock Performance

The company’s 50-day moving average is $8.20 and its 200-day moving average is $7.87. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.42 and a quick ratio of 0.41.

Citic Company Profile

CITIC Limited is a Hong Kong-based conglomerate with businesses spanning financial services, resources and energy, advanced manufacturing, engineering contracting, real estate, and infrastructure. Its activities include banking and other financial services, the production of materials such as special steel and iron ore, and the development and operation of infrastructure projects. The company operates primarily in mainland China and also has business interests in international markets. Its origins trace to CITIC Pacific, which changed its name to CITIC Limited in 2014 following a restructuring that brought in major businesses from its parent, state-owned CITIC Group.