China Construction Bank (OTCMKTS:CICHY) Hits New 1-Year High – Should You Buy?

China Construction Bank Corp. (OTCMKTS:CICHYGet Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $23.95 and last traded at $23.15, with a volume of 26967 shares changing hands. The stock had previously closed at $22.79.

China Construction Bank Trading Up 1.7%

The company has a market cap of $307.90 billion, a price-to-earnings ratio of 6.43 and a beta of 0.11. The stock’s fifty day simple moving average is $21.92 and its 200 day simple moving average is $21.57.

About China Construction Bank

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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.

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