China CITIC Bank (OTCMKTS:CHCJY) Posts Earnings Results

China CITIC Bank (OTCMKTS:CHCJY) issued its earnings results on Tuesday. The company reported $1.04 earnings per share for the quarter, Zacks reports. The company had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.86 billion. China CITIC Bank had a return on equity of 8.48% and a net margin of 20.20%.

China CITIC Bank Price Performance

Shares of OTCMKTS CHCJY remained flat at $20.50 during midday trading on Thursday. The stock had a trading volume of 1,128 shares, compared to its average volume of 262. The company’s 50 day simple moving average is $19.86 and its two-hundred day simple moving average is $18.98. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.82 and a current ratio of 0.82. China CITIC Bank has a 12 month low of $14.17 and a 12 month high of $22.30. The company has a market cap of $50.16 billion, a PE ratio of 6.27 and a beta of 0.29.

Analyst Ratings Changes

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