China CITIC Bank (OTCMKTS:CHCJY) Shares Gap Down - Here's What Happened

Key Points

• Shares gapped down before Friday's open, dropping from a prior close of $20.70 to an opening price of $18.00 and last trading at $18.00 on a volume of 101 shares.
• The stock trades at a market capitalization of $44.04 billion with a PE ratio of 5.50; liquidity and leverage metrics include a quick and current ratio of 0.82 and a debt-to-equity ratio of 1.51, with a beta of 0.46.
• China CITIC Bank is a major Chinese commercial bank and CITIC Group subsidiary offering corporate, retail, treasury and wealth-management services and is quoted on the U.S. OTC market under the ticker CHCJY.

China CITIC Bank Corporation Limited (OTCMKTS:CHCJY - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $20.70, but opened at $18.00. China CITIC Bank shares last traded at $18.00, with a volume of 101 shares trading hands.

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 market capitalization of $44.04 billion, a PE ratio of 5.50 and a beta of 0.46. The business has a 50 day simple moving average of $18.56 and a 200 day simple moving average of $18.36.

China CITIC Bank Company Profile

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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