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

China Construction Bank Corp. (OTCMKTS:CICHY)’s stock price 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 changing hands.

China Construction Bank Price Performance

The firm has a market cap of $261.99 billion, a P/E ratio of 5.47 and a beta of 0.12. The firm has a fifty day moving average of $22.07 and a 200-day moving average of $20.99.

China Construction Bank (OTCMKTS:CICHY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.04). The company had revenue of $30.21 billion for the quarter, compared to analyst estimates of $29.64 billion. China Construction Bank had a net margin of 26.72% and a return on equity of 9.70%. On average, equities analysts forecast that China Construction Bank Corp. will post 3.88 EPS 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.