China CITIC Bank (OTCMKTS:CHCJY) Shares Gap Up - What's Next?

Key Points

• China CITIC Bank's shares experienced a significant increase, gapping up from a previous close of $20.00 to open at $21.17, with a trading volume of 124 shares.
• The bank reported a quarterly earnings of $0.72 per share, with a revenue of $7.45 billion and a net margin of 19.59%.
• China CITIC Bank has a market capitalization of $41.77 billion and demonstrates strong financial metrics, including a price-to-earnings ratio of 5.22.

China CITIC Bank Corporation Limited (OTCMKTS:CHCJY - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $20.00, but opened at $21.17. China CITIC Bank shares last traded at $21.17, with a volume of 124 shares traded.

China CITIC Bank Stock Performance

The firm's fifty day simple moving average is $17.90 and its 200 day simple moving average is $17.54. The company has a market capitalization of $41.77 billion, a price-to-earnings ratio of 5.22 and a beta of 0.38. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.85 and a quick ratio of 0.86.

China CITIC Bank (OTCMKTS:CHCJY - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The company reported $0.72 earnings per share (EPS) for the quarter. China CITIC Bank had a return on equity of 8.44% and a net margin of 19.59%.The firm had revenue of $7.45 billion during the quarter.

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.

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