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China CITIC Bank (OTCMKTS:CHCJY) Hits New 52-Week High - Time to Buy?

China CITIC Bank logo with Finance background

China CITIC Bank Corporation Limited (OTCMKTS:CHCJY - Get Free Report) reached a new 52-week high on Friday . The stock traded as high as $21.00 and last traded at $21.00, with a volume of 100 shares trading hands. The stock had previously closed at $20.00.

China CITIC Bank Stock Up 8.4%

The stock's 50 day moving average is $17.35 and its 200 day moving average is $15.56.

China CITIC Bank (OTCMKTS:CHCJY - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.99 earnings per share for the quarter. The company had revenue of $7.10 billion during the quarter.

China CITIC Bank Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, June 27th will be issued a $0.3618 dividend. This represents a yield of 4.26%. The ex-dividend date of this dividend is Thursday, June 26th.

About China CITIC Bank

(Get Free Report)

China CITIC Bank Corporation Limited provides various banking products and services in the People's Republic of China and internationally. The company operates in segments, such as Corporate Banking, Retail Banking, and Financial Market business. It accepts deposits; offers corporate and personal loans; and provides securities agency, remittance and settlement, and guarantee services, as well as investment banking and international services.

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