China Construction Bank (OTCMKTS:CICHY) Sets New 1-Year High – Should You Buy?

China Construction Bank Corp. (OTCMKTS:CICHYGet Free Report)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $23.95 and last traded at $23.15, with a volume of 26967 shares changing hands. The stock had previously closed at $22.79.

China Construction Bank Trading Up 1.5%

The company has a market capitalization of $302.62 billion, a PE ratio of 6.32 and a beta of 0.11. The stock has a fifty day moving average of $21.88 and a two-hundred day moving average of $21.53.

About China Construction Bank

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China Construction Bank Corporation (OTCMKTS:CICHY) is one of the largest commercial banks in China, headquartered in Beijing. The bank provides a broad range of banking and financial services to corporate, institutional and individual customers. It is widely recognized as one of the major state-owned banks in China and has played a significant role in financing infrastructure, real estate and corporate development across the country.

CCB’s core business activities include corporate banking, personal banking and treasury operations.

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