China Construction Bank (OTCMKTS:CICHY) Reaches New 1-Year High – What’s Next?

Shares of China Construction Bank Corp. (OTCMKTS:CICHYGet Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $19.90 and last traded at $19.88, with a volume of 49823 shares traded. The stock had previously closed at $19.64.

China Construction Bank Stock Performance

The company’s 50 day simple moving average is $17.84 and its 200 day simple moving average is $17.00. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $248.64 billion, a PE ratio of 5.56 and a beta of 0.14.

China Construction Bank (OTCMKTS:CICHYGet Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.06). China Construction Bank had a net margin of 24.85% and a return on equity of 10.16%. The business had revenue of $25.48 billion during the quarter, compared to the consensus estimate of $194.14 billion.

China Construction Bank Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, June 12th. Investors of record on Monday, May 5th were given a dividend of $0.4379 per share. The ex-dividend date was Friday, May 2nd. This represents a yield of 10.12%. This is a positive change from China Construction Bank’s previous dividend of $0.42. China Construction Bank’s dividend payout ratio is presently 24.30%.

China Construction Bank Company Profile

(Get Free Report)

China Construction Bank Corporation provides various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally. It operates through Corporate Finance Business, Personal Finance Business, Treasury and Asset Management Business, and Others segments.

Further Reading

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