China CITIC Bank (OTCMKTS:CHCJY) Shares Gap Up Following Analyst Upgrade

China CITIC Bank Corporation Limited (OTCMKTS:CHCJY) gapped up prior to trading on Thursday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $17.19, but opened at $19.40. China CITIC Bank shares last traded at $19.40, with a volume of 200 shares traded.

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 firm’s fifty day moving average price is $18.93 and its two-hundred day moving average price is $19.11. The stock has a market capitalization of $39.93 billion, a PE ratio of 4.83 and a beta of 0.32.

China CITIC Bank (OTCMKTS:CHCJY) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.04 earnings per share for the quarter. China CITIC Bank had a net margin of 20.39% and a return on equity of 8.44%. The company had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.86 billion. On average, equities analysts predict that China CITIC Bank Corporation Limited will post 3.88 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.