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

China Construction Bank Corp. (OTCMKTS:CICHY) shares 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 Stock Performance

The stock has a fifty day simple moving average of $21.96 and a 200-day simple moving average of $21.01. The stock has a market cap of $274.42 billion, a P/E ratio of 5.73 and a beta of 0.12.

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 analysts’ consensus estimates of $0.99 by ($0.04). The firm had revenue of $30.21 billion during the quarter, compared to the consensus estimate of $29.64 billion. China Construction Bank had a net margin of 26.72% and a return on equity of 9.70%. On average, research analysts anticipate that China Construction Bank Corp. will post 3.88 earnings per share for the current year.

About China Construction Bank

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.