China Construction Bank (OTCMKTS:CICHY) Shares Gap Down – What’s Next?

Shares of China Construction Bank Corp. (OTCMKTS:CICHY) gapped down prior to trading on Thursday . The stock had previously closed at $20.63, but opened at $19.59. China Construction Bank shares last traded at $20.1920, with a volume of 3,575 shares trading hands.

China Construction Bank Stock Down 1.0%

The stock has a market cap of $267.22 billion, a P/E ratio of 5.58 and a beta of 0.12. The firm’s fifty day moving average price is $22.17 and its 200-day moving average price is $20.99.

China Construction Bank (OTCMKTS:CICHY) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). China Construction Bank had a net margin of 26.72% and a return on equity of 9.70%. The firm had revenue of $30.21 billion for the quarter, compared to the consensus estimate of $29.64 billion. Sell-side analysts predict that China Construction Bank Corp. will post 3.89 earnings per share for the current year.

About China Construction Bank

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.