Chiba Bank (OTCMKTS:CHBAY) Shares Gap Up - What's Next?

Key Points

• Chiba Bank's shares gapped up from $52.85 to $56.18 before the market opened, indicating a positive market sentiment.
• The bank currently has a market cap of $9.05 billion, a P/E ratio of 15.69, and a relatively low beta of 0.23, suggesting stability.
• Chiba Bank provides a variety of banking products including loans, insurance, and investment services, catering to both domestic and international clients.

Shares of Chiba Bank Ltd. (OTCMKTS:CHBAY - ) gapped up before the market opened on Monday . The stock had previously closed at $52.85, but opened at $56.18. Chiba Bank shares last traded at $56.18, with a volume of 293 shares traded.

Chiba Bank Stock Up 6.3%

The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.44. The stock has a market cap of $9.05 billion, a P/E ratio of 15.69 and a beta of 0.23. The firm has a 50-day simple moving average of $48.96 and a two-hundred day simple moving average of $44.82.

About Chiba Bank

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.

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