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Chiba Bank (OTCMKTS:CHBAY) Shares Gap Down - Here's Why

Chiba Bank logo with Finance background

Key Points

  • Chiba Bank shares experienced a significant gap down, opening at $54.00 after a previous close of $56.17.
  • The bank holds a market capitalization of $8.70 billion and has a debt-to-equity ratio of 1.44, indicating its financial leverage.
  • Chiba Bank offers a variety of financial products, including loans, deposit products, and insurance services across Japan and internationally.
  • Interested in Chiba Bank? Here are five stocks we like better.

Chiba Bank Ltd. (OTCMKTS:CHBAY - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $56.17, but opened at $54.00. Chiba Bank shares last traded at $54.00, with a volume of 701 shares.

Chiba Bank Stock Performance

The company has a debt-to-equity ratio of 1.44, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $8.70 billion, a price-to-earnings ratio of 15.08 and a beta of 0.23. The company's 50-day moving average price is $49.13 and its two-hundred day moving average price is $44.95.

Chiba Bank Company Profile

(Get Free Report)

The Chiba Bank, Ltd., together with its subsidiaries, provides banking products and services in Japan and internationally. The company offers various deposit products, including savings, time deposits, currency deposits, investment trusts, bonds, and pensions; loans, which include mortgages, renovation loans, photovoltaic, vehicle, education, and other loan products; and insurance products, such as annuity, life, medical, student, death, and travel insurance.

Further Reading

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