China Construction Bank (OTCMKTS:CICHY) Shares Gap Down – What’s Next?

by · The Cerbat Gem

China Construction Bank Corp. (OTCMKTS:CICHY – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $19.52, but opened at $18.88. China Construction Bank shares last traded at $19.67, with a volume of 7,437 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research raised China Construction Bank to a “hold” rating in a report on Monday, December 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Read Our Latest Stock Report on CICHY

China Construction Bank Trading Up 0.8%

The business’s 50 day moving average price is $20.00 and its two-hundred day moving average price is $20.05. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $257.41 billion, a price-to-earnings ratio of 5.47 and a beta of 0.13.

China Construction Bank (OTCMKTS:CICHY – Get Free Report) last announced its earnings results on Thursday, October 30th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.94 by $0.04. The firm had revenue of $24.56 billion for the quarter, compared to analysts’ expectations of $24.44 billion. China Construction Bank had a return on equity of 9.81% and a net margin of 25.63%.

China Construction Bank Company Profile

(Get Free Report)

China Construction Bank Corporation (OTCMKTS:CICHY) is one of the largest commercial banks in China, headquartered in Beijing. The bank provides a broad range of banking and financial services to corporate, institutional and individual customers. It is widely recognized as one of the major state-owned banks in China and has played a significant role in financing infrastructure, real estate and corporate development across the country.

CCB’s core business activities include corporate banking, personal banking and treasury operations.

Recommended Stories