China Construction Bank (OTCMKTS:CICHY) Sets New 12-Month High – Here’s What Happened

China Construction Bank Corp. (OTCMKTS:CICHY)’s share price reached a new 52-week high during trading on Tuesday. The stock traded as high as $27.25 and last traded at $27.25, with a volume of 16,287 shares changing hands. The stock had previously closed at $26.86.

China Construction Bank Stock Up 0.9%

The company’s 50-day moving average is $25.02 and its 200-day moving average is $22.44. The stock has a market cap of $354.08 billion, a price-to-earnings ratio of 6.99 and a beta of 0.12.

China Construction Bank (OTCMKTS:CICHY) last announced its quarterly earnings results on Friday, October 30th. The company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.01). China Construction Bank had a net margin of 28.25% and a return on equity of 9.82%. The company had revenue of $29.63 billion during the quarter, compared to analyst estimates of $29.18 billion. On average, research analysts forecast that China Construction Bank Corp. will post 4.09 earnings per share for the current year.

About China Construction Bank

China Construction Bank Corporation is a major commercial bank headquartered in Beijing. Established in 1954 as the People’s Construction Bank of China, it was renamed China Construction Bank in 1996 and reorganized as a joint-stock commercial bank in 2004. The bank has a longstanding role in financing construction and infrastructure, alongside its broader banking activities.

CCB serves individuals, businesses and government-related organizations. Its services include deposits, loans, payments and settlement, credit cards, wealth management, investment banking, treasury services and asset management.

The bank operates throughout mainland China and serves customers internationally through overseas branches, subsidiaries and other financial institutions.