China Construction Bank (OTCMKTS:CICHY) Shares Gap Up – Here’s Why

China Construction Bank Corp. (OTCMKTS:CICHY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $21.16, but opened at $22.09. China Construction Bank shares last traded at $22.00, with a volume of 2,894 shares trading hands.

China Construction Bank Price Performance

The stock’s fifty day simple moving average is $21.65 and its 200-day simple moving average is $21.12. The firm has a market cap of $283.44 billion, a PE ratio of 5.92 and a beta of 0.12.

China Construction Bank (OTCMKTS:CICHY) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.95 earnings per share 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 company had revenue of $30.21 billion for the quarter, compared to analysts’ expectations of $29.64 billion. Analysts expect that China Construction Bank Corp. will post 3.98 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.