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

China CITIC Bank Corporation Limited (OTCMKTS:CHCJY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $20.80, but opened at $18.62. China CITIC Bank shares last traded at $18.62, with a volume of 506 shares changing hands.

Analyst Upgrades and Downgrades

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

China CITIC Bank Stock Performance

The company has a market cap of $45.56 billion, a PE ratio of 5.32 and a beta of 0.28. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.51. The company has a 50-day moving average of $20.57 and a 200-day moving average of $19.21.

China CITIC Bank (OTCMKTS:CHCJY) last announced its earnings results on Tuesday, May 5th. The company reported $1.04 earnings per share (EPS) for the quarter. The company had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.86 billion. China CITIC Bank had a return on equity of 8.48% and a net margin of 20.20%. As a group, analysts anticipate that China CITIC Bank Corporation Limited will post 3.61 earnings per share for the current 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.