China CITIC Bank (OTCMKTS:CHCJY) Shares Gap Down – Time to Sell?

China CITIC Bank Corporation Limited (OTCMKTS:CHCJY) shares gapped down before the market opened on Thursday . The stock had previously closed at $21.80, but opened at $20.55. China CITIC Bank shares last traded at $20.55, with a volume of 209 shares traded.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of China CITIC Bank from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

China CITIC Bank Price 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 fifty day simple moving average of $19.51 and a 200-day simple moving average of $19.55. The company has a market capitalization of $50.28 billion, a PE ratio of 5.96 and a beta of 0.31.

China CITIC Bank (OTCMKTS:CHCJY) last released its earnings results on Wednesday, August 26th. The company reported $0.79 EPS for the quarter. China CITIC Bank had a return on equity of 8.54% and a net margin of 20.81%.The company had revenue of $8.19 billion during the quarter, compared to analysts’ expectations of $8.27 billion. Equities research analysts anticipate that China CITIC Bank Corporation Limited will post 3.88 EPS for the current fiscal year.

China CITIC Bank Company Profile

China CITIC Bank Corporation Limited is a commercial bank headquartered in Beijing and a subsidiary of China CITIC Group Corporation. Established in 1987, it serves corporate, institutional and individual customers through a broad range of banking and financial services.

The bank’s business includes corporate lending, trade finance, settlement and cash-management services, investment banking, financial-market operations and asset management. For retail customers, China CITIC Bank provides deposits, consumer and residential loans, credit cards, wealth-management products, payments and other personal banking services.

China CITIC Bank operates throughout mainland China through its branch and service network and also maintains an international presence, including operations serving customers in Hong Kong and other overseas markets.