China CITIC Bank (OTCMKTS:CHCJY) Announces Earnings Results

China CITIC Bank (OTCMKTS:CHCJY) released its 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

CHCJY stock remained flat at $19.60 during mid-day trading on Wednesday. 2 shares of the company’s stock were exchanged, compared to its average volume of 346. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.82 and a current ratio of 0.82. China CITIC Bank has a 52 week low of $15.92 and a 52 week high of $22.30. 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 has a 50-day moving average of $18.65 and a two-hundred day moving average of $19.35.

Analyst Ratings Changes

Separately, Zacks Research raised China CITIC Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has an average 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.