China CITIC Bank (OTCMKTS:CHCJY) Sets New 12-Month High - Time to Buy?

Key Points

• China CITIC Bank (OTCMKTS:CHCJY) hit a new 52-week high of $21.6999 on Monday, up from the prior close of $18.00, though trading volume was light at 197 shares.
• The stock trades above its 50‑day ($18.55) and 200‑day ($18.39) moving averages and shows a low P/E of 6.64 with a market cap of $53.09 billion, while liquidity ratios are below 1 (quick and current ratio 0.82) and debt‑to‑equity is 1.51.
• China CITIC Bank is a major Beijing‑headquartered commercial bank and CITIC Group subsidiary offering corporate, retail, treasury and digital banking services, quoted in the U.S. OTC market as CHCJY.

China CITIC Bank Corporation Limited (OTCMKTS:CHCJY - Get Free Report)'s share price hit a new 52-week high on Monday . The stock traded as high as $21.6999 and last traded at $21.6999, with a volume of 197 shares changing hands. The stock had previously closed at $18.00.

China CITIC Bank Stock Performance

The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.51. The company has a 50 day moving average of $18.55 and a 200 day moving average of $18.39. The firm has a market cap of $53.09 billion, a price-to-earnings ratio of 6.64 and a beta of 0.46.

About China CITIC Bank

China CITIC Bank Co, Ltd., a subsidiary of CITIC Group, is a leading Chinese commercial bank headquartered in Beijing. Established in the late 1980s, the bank was among the first national joint-stock commercial banks approved by the Chinese government. It is quoted on the U.S. OTC Market under the symbol CHCJY.

The bank offers a wide range of financial services, including corporate and institutional banking, retail banking, treasury and financial markets services. Corporate clients can access lending solutions, trade finance, cash management and project financing, while retail customers can choose from deposit accounts, personal loans, credit cards, wealth management and digital banking platforms.

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