China CITIC Bank (OTCMKTS:CHCJY) Trading Down 11.4% – Should You Sell?

China CITIC Bank Corporation Limited (OTCMKTS:CHCJY) shares traded down 11.4% on Friday . The stock traded as low as $15.92 and last traded at $15.92. 4,634 shares were traded during trading, an increase of 35% from the average session volume of 3,438 shares. The stock had previously closed at $17.96.

China CITIC Bank Trading Down 11.4%

The firm’s 50-day simple moving average is $19.64 and its two-hundred day simple moving average is $16.86.

China CITIC Bank (OTCMKTS:CHCJY) last issued its earnings results on Thursday, August 28th. The company reported $0.72 earnings per share for the quarter. The company had revenue of $7.45 billion for the quarter.

China CITIC Bank Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, June 27th were issued a $0.3618 dividend. This represents a dividend yield of 426.0%. The ex-dividend date of this dividend was Thursday, June 26th.

China CITIC Bank Company Profile

China CITIC Bank Corporation Limited provides various banking products and services in the People's Republic of China and internationally. The company operates in segments, such as Corporate Banking, Retail Banking, and Financial Market business. It accepts deposits; offers corporate and personal loans; and provides securities agency, remittance and settlement, and guarantee services, as well as investment banking and international services.