China CITIC Bank (OTCMKTS:CHCJY) Trading Up 19.1% – Time to Buy?
by Scott Moore · The Cerbat GemShares of China CITIC Bank Corporation Limited (OTCMKTS:CHCJY – Get Free Report) rose 19.1% on Monday . The company traded as high as $20.9560 and last traded at $20.9560. 133 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 4,602 shares. The stock had previously closed at $17.60.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised shares of China CITIC Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.
Check Out Our Latest Stock Report on CHCJY
China CITIC Bank Trading Down 6.5%
The company has a debt-to-equity ratio of 1.27, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $47.93 billion, a price-to-earnings ratio of 5.80 and a beta of 0.32. The business’s 50-day moving average price is $18.69 and its two-hundred day moving average price is $19.16.
China CITIC Bank (OTCMKTS:CHCJY – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $1.04 earnings per share (EPS) for the quarter. The firm had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.86 billion. China CITIC Bank had a net margin of 20.39% and a return on equity of 8.44%. Equities analysts expect that China CITIC Bank Corporation Limited will post 3.88 earnings per share for the current year.
About China CITIC Bank
China CITIC Bank Co, Ltd., a subsidiary of CITIC Group, is a leading Chinese commercial bank headquartered in Beijing. Established in the late 1980s, the bank was among the first national joint-stock commercial banks approved by the Chinese government. It is quoted on the U.S. OTC Market under the symbol CHCJY.
The bank offers a wide range of financial services, including corporate and institutional banking, retail banking, treasury and financial markets services. Corporate clients can access lending solutions, trade finance, cash management and project financing, while retail customers can choose from deposit accounts, personal loans, credit cards, wealth management and digital banking platforms.