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

China CITIC Bank Corporation Limited (OTCMKTS:CHCJY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $19.39, but opened at $20.00. China CITIC Bank shares last traded at $20.00, with a volume of 164 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised China CITIC Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

China CITIC Bank Stock Performance

The firm has a market cap of $48.94 billion, a price-to-earnings ratio of 5.80 and a beta of 0.31. The stock’s fifty day moving average is $18.68 and its two-hundred day moving average is $19.37. 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 (OTCMKTS:CHCJY) last posted its earnings results on Wednesday, August 26th. The company reported $0.79 earnings per share (EPS) for the quarter. China CITIC Bank had a net margin of 20.81% and a return on equity of 8.54%. The firm had revenue of $8.19 billion during the quarter, compared to analyst estimates of $8.27 billion. On average, analysts expect that China CITIC Bank Corporation Limited will post 3.88 earnings per share for the current fiscal 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.