China CITIC Bank (OTCMKTS:CHCJY – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.79 EPS for the quarter, Zacks reports. China CITIC Bank had a net margin of 20.39% and a return on equity of 8.44%.
China CITIC Bank Stock Performance
Shares of CHCJY remained flat at $19.60 during mid-day trading on Wednesday. The stock had a trading volume of 2 shares, compared to its average volume of 346. 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 stock has a market capitalization of $47.96 billion, a P/E ratio of 5.80 and a beta of 0.31. The stock’s 50 day moving average is $18.65 and its 200-day moving average is $19.35. China CITIC Bank has a 12-month low of $15.92 and a 12-month high of $22.30.
Analyst Ratings Changes
Separately, Zacks Research upgraded shares of China CITIC Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.
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.
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