Chiba Bank (OTCMKTS:CHBAY) Stock Price Up 10.9% - Time to Buy?

Key Points

• Shares of Chiba Bank Ltd. (OTCMKTS:CHBAY) experienced a significant increase of 10.9% on Thursday, closing at $52.84, with trading volume soaring to approximately 100 shares.
• The bank has a market capitalization of $8.51 billion, a P/E ratio of 14.76, and maintains a debt-to-equity ratio of 1.44.
• Chiba Bank offers a wide range of banking products, including loans, deposit products, and various types of insurance for both domestic and international clients.

Shares of Chiba Bank Ltd. (OTCMKTS:CHBAY - ) rose 10.9% during trading on Thursday . The company traded as high as $52.84 and last traded at $52.84. Approximately 100 shares traded hands during trading, an increase of 862% from the average daily volume of 10 shares. The stock had previously closed at $47.65.

Chiba Bank Stock Up 10.9%

The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $8.51 billion, a P/E ratio of 14.76 and a beta of 0.23. The stock's 50 day simple moving average is $48.85 and its 200 day simple moving average is $44.62.

Chiba Bank Company Profile

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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