Chiba Bank (OTCMKTS:CHBAY) Stock Price Down 8.9% - Here's Why

Key Points

• Chiba Bank's stock price dropped by 8.9%, closing at $49.18, significantly lower than its previous close of $54.00.
• Trading volume plunged to only 300 shares, a 96% decline compared to the average session volume of 7,774 shares.
• The bank has a market capitalization of $7.92 billion and a price-to-earnings ratio of 13.74.

Chiba Bank Ltd. (OTCMKTS:CHBAY - )'s share price fell 8.9% on Wednesday . The stock traded as low as $49.18 and last traded at $49.18. 300 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 7,774 shares. The stock had previously closed at $54.00.

Chiba Bank Price Performance

The company has a market cap of $7.92 billion, a price-to-earnings ratio of 13.74 and a beta of 0.23. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.44. The company's fifty day moving average price is $49.26 and its two-hundred day moving average price is $45.01.

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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