China CITIC Bank (OTCMKTS:CHCJY) Issues Earnings Results

China CITIC Bank (OTCMKTS:CHCJY) announced its quarterly earnings data on Wednesday. The company reported $0.79 earnings per share for the quarter, Zacks reports. China CITIC Bank had a return on equity of 8.44% and a net margin of 20.39%.

China CITIC Bank Stock Performance

CHCJY remained flat at $19.60 during trading hours on Wednesday. The company had a trading volume of 2 shares, compared to its average volume of 346. The business’s fifty day moving average is $18.65 and its 200-day moving average is $19.35. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $47.96 billion, a price-to-earnings ratio of 5.80 and a beta of 0.31. China CITIC Bank has a 12-month low of $15.92 and a 12-month high of $22.30.

Analyst Upgrades and Downgrades

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