China Construction Bank (OTCMKTS:CICHY) Sets New 52-Week High – Here’s Why

China Construction Bank Corp. (OTCMKTS:CICHY) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $23.00 and last traded at $22.8736, with a volume of 37266 shares traded. The stock had previously closed at $22.6560.

China Construction Bank Price Performance

The company has a debt-to-equity ratio of 0.73, a current ratio of 0.87 and a quick ratio of 0.87. The company has a 50-day simple moving average of $21.39 and a two-hundred day simple moving average of $20.65. The stock has a market capitalization of $297.57 billion, a price-to-earnings ratio of 6.22 and a beta of 0.12.

China Construction Bank (OTCMKTS:CICHY) last issued its earnings results on Wednesday, April 29th. The company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). China Construction Bank had a return on equity of 9.70% and a net margin of 26.72%.The company had revenue of $30.21 billion during the quarter, compared to analyst estimates of $29.64 billion. On average, equities research analysts predict that China Construction Bank Corp. will post 3.86 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.