China CITIC Bank (OTCMKTS:CHCJY) Shares Gap Up – Still a Buy?

China CITIC Bank Corporation Limited (OTCMKTS:CHCJY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $17.19, but opened at $19.40. China CITIC Bank shares last traded at $19.40, with a volume of 200 shares changing hands.

Analyst Ratings Changes

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

China CITIC Bank Stock Performance

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 firm has a market capitalization of $47.47 billion, a PE ratio of 5.74 and a beta of 0.32. The firm’s 50 day moving average price is $19.04 and its 200-day moving average price is $19.12.

China CITIC Bank (OTCMKTS:CHCJY) last announced its quarterly earnings results 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 analyst estimates of $7.86 billion. China CITIC Bank had a return on equity of 8.44% and a net margin of 20.39%. On average, research analysts expect that China CITIC Bank Corporation Limited will post 3.61 EPS for the current 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.