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

Shares of China Construction Bank Corp. (OTCMKTS:CICHY) gapped down prior to trading on Monday . The stock had previously closed at $19.23, but opened at $18.62. China Construction Bank shares last traded at $19.3340, with a volume of 14,151 shares trading hands.

China Construction Bank Trading Up 0.7%

The stock has a market capitalization of $242.05 billion, a PE ratio of 5.38 and a beta of 0.11. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The business’s 50-day moving average is $20.34 and its two-hundred day moving average is $20.09.

China Construction Bank (OTCMKTS:CICHY) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. China Construction Bank had a return on equity of 9.81% and a net margin of 25.63%.The company had revenue of $24.56 billion for the quarter, compared to analysts’ expectations of $24.44 billion.

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.