China Construction Bank (OTCMKTS:CICHY) Sees Large Volume Increase – Still a Buy?

Shares of China Construction Bank Corp. (OTCMKTS:CICHY) saw unusually-high trading volume on Tuesday . Approximately 236,255 shares were traded during mid-day trading, an increase of 245% from the previous session’s volume of 68,417 shares.The stock last traded at $20.6365 and had previously closed at $20.80.

Wall Street Analyst Weigh In

Separately, Zacks Research raised China Construction Bank to a “hold” rating in a research note on Monday, December 22nd. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

China Construction Bank Stock Performance

The firm’s fifty day simple moving average is $19.96 and its 200 day simple moving average is $19.97. The company has a market capitalization of $270.10 billion, a price-to-earnings ratio of 5.74 and a beta of 0.13. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.87 and a quick ratio of 0.87.

China Construction Bank Company Profile

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.