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

China CITIC Bank Corporation Limited (OTCMKTS:CHCJY - Get Free Report) shares hit 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 changing hands. The stock had previously closed at $20.00.

China CITIC Bank Stock Performance

The firm has a 50-day moving average of $17.35 and a 200 day moving average of $15.56.

China CITIC Bank (OTCMKTS:CHCJY - Get Free Report) last released its 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 for the quarter.

China CITIC Bank Cuts Dividend

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

About China CITIC Bank

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.