Capitec Bank (OTCMKTS:CKHGY) Stock Price Up 0.3% – Here’s What Happened
by Danessa Lincoln · The Markets DailyCapitec Bank Holdings Limited (OTCMKTS:CKHGY – Get Free Report) shot up 0.3% during mid-day trading on Thursday . The company traded as high as $145.1940 and last traded at $145.0250. 1,135 shares were traded during trading, a decline of 12% from the average session volume of 1,288 shares. The stock had previously closed at $144.63.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group initiated coverage on shares of Capitec Bank in a research note on Thursday, November 13th. They issued a “buy” rating for the company. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.
Get Our Latest Analysis on CKHGY
Capitec Bank Stock Performance
The firm’s 50 day moving average is $128.57 and its 200 day moving average is $114.12.
About Capitec Bank
Capitec Bank is a South African retail bank founded in 2001 and headquartered in Stellenbosch. From its inception, the company has pursued a digital-first approach to banking, combining a network of branches and automated point-of-sale terminals with mobile and online platforms. Capitec’s streamlined service model targets individuals and small to medium-sized enterprises seeking straightforward banking solutions and transparent fee structures.
The bank’s core offerings include transactional accounts, savings products, unsecured personal loans and credit facilities.