China CITIC Bank (OTCMKTS:CHCJY) Shares Gap Up – Should You Buy?

China CITIC Bank Corporation Limited (OTCMKTS:CHCJY) gapped up before the market opened on Friday . The stock had previously closed at $17.60, but opened at $19.9528. China CITIC Bank shares last traded at $19.9528, with a volume of 747 shares.

Analyst Ratings Changes

Separately, Zacks Research raised China CITIC Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

China CITIC Bank Trading Up 15.1%

The firm has a market cap of $49.57 billion, a price-to-earnings ratio of 5.99 and a beta of 0.32. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.82 and a current ratio of 0.82. The business has a fifty day moving average of $18.70 and a two-hundred day moving average of $19.12.

China CITIC Bank (OTCMKTS:CHCJY) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.04 earnings per share for the quarter. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.86 billion. China CITIC Bank had a return on equity of 8.44% and a net margin of 20.39%. As a group, equities analysts expect that China CITIC Bank Corporation Limited will post 3.88 earnings per share for the current fiscal year.

China CITIC Bank Company Profile

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.