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

China Construction Bank Corp. (OTCMKTS:CICHY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $19.96, but opened at $21.00. China Construction Bank shares last traded at $21.00, with a volume of 12,455 shares trading hands.

China Construction Bank Trading Up 5.1%

The firm’s 50 day simple moving average is $21.96 and its 200-day simple moving average is $21.01. The stock has a market capitalization of $274.42 billion, a price-to-earnings ratio of 5.73 and a beta of 0.12.

China Construction Bank (OTCMKTS:CICHY) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The business had revenue of $30.21 billion for the quarter, compared to analyst estimates of $29.64 billion. China Construction Bank had a return on equity of 9.70% and a net margin of 26.72%. As a group, equities research analysts predict that China Construction Bank Corp. will post 3.88 earnings per share for the current year.

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.