China CITIC Bank (OTCMKTS:CHCJY) Issues Quarterly Earnings Results

China CITIC Bank (OTCMKTS:CHCJY) released its quarterly earnings results on Thursday. The company reported $999.00 earnings per share for the quarter, Zacks reports. China CITIC Bank had a net margin of 20.20% and a return on equity of 8.48%.

China CITIC Bank Stock Performance

China CITIC Bank stock remained flat at $18.62 during midday trading on Thursday. 7 shares of the company were exchanged, compared to its average volume of 37. The firm has a 50 day simple moving average of $20.59 and a two-hundred day simple moving average of $19.22. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.51. The stock has a market cap of $45.56 billion, a price-to-earnings ratio of 5.32 and a beta of 0.28. China CITIC Bank has a twelve month low of $15.92 and a twelve month high of $22.30.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of China CITIC Bank to a “hold” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, China CITIC Bank presently has a consensus rating of “Hold”.

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.