China CITIC Bank (OTCMKTS:CHCJY) Announces Earnings Results

China CITIC Bank (OTCMKTS:CHCJY) issued its earnings results on Thursday. The company reported $999.00 EPS for the quarter, Zacks reports. China CITIC Bank had a return on equity of 8.48% and a net margin of 20.20%.

China CITIC Bank Stock Performance

CHCJY stock remained flat at $18.62 on Thursday. 7 shares of the company traded hands, compared to its average volume of 37. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.51. China CITIC Bank has a 52 week low of $15.92 and a 52 week high of $22.30. The company has a market capitalization of $45.56 billion, a PE ratio of 5.32 and a beta of 0.28. The company has a 50-day moving average of $20.59 and a 200-day moving average of $19.22.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised China CITIC Bank to a “hold” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

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.