China CITIC Bank (OTCMKTS:CHCJY) Shares Gap Down – What’s Next?

Shares of China CITIC Bank Corporation Limited (OTCMKTS:CHCJY) gapped down before the market opened on Tuesday . The stock had previously closed at $20.50, but opened at $19.50. China CITIC Bank shares last traded at $19.50, with a volume of 205 shares.

Analysts Set New Price Targets

Separately, Zacks Research raised China CITIC Bank to a “hold” rating in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, China CITIC Bank currently has an average rating of “Hold”.

China CITIC Bank Price Performance

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 cap of $47.71 billion, a price-to-earnings ratio of 5.77 and a beta of 0.28. The company’s 50-day moving average is $20.51 and its 200-day moving average is $19.16.

China CITIC Bank (OTCMKTS:CHCJY) last posted its quarterly earnings results on Thursday, June 4th. The company reported $999.00 earnings per share (EPS) for the quarter. China CITIC Bank had a net margin of 20.39% and a return on equity of 8.44%. Equities research analysts expect that China CITIC Bank Corporation Limited will post 3.61 earnings per share for the current fiscal year.

About China CITIC Bank

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.