China Construction Bank (OTCMKTS:CICHY) Shares Gap Up – Still a Buy?

China Construction Bank Corp. (OTCMKTS:CICHY – Get Free Report)’s stock price gapped up before the market opened on Friday. The stock had previously closed at $25.30, but opened at $26.50. China Construction Bank shares last traded at $26.1666, with a volume of 3,583 shares changing hands.

China Construction Bank Stock Performance

The firm has a market cap of $341.14 billion, a price-to-earnings ratio of 7.01 and a beta of 0.10. The business has a fifty day simple moving average of $24.61 and a 200-day simple moving average of $22.21.

About China Construction Bank

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China Construction Bank Corporation (OTCMKTS:CICHY) is a large Chinese commercial bank headquartered in Beijing. Originally established in 1954 as the People’s Construction Bank of China, it was created to support the financing of national construction and infrastructure projects. The bank adopted its current name in 1996 and has since developed into a full-service commercial banking institution.

CCB provides banking and financial services to corporate, government and individual customers.

Further Reading

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