China Construction Bank (OTCMKTS:CICHY) Hits New 52-Week High - Still a Buy?

Key Points

• New 52-week high: China Construction Bank traded as high as $22.89 and last at $22.55, trading above its 50-day ($20.98) and 200-day ($20.43) simple moving averages.
• Quarterly beat: The bank reported EPS of $0.85 (vs. $0.84 expected) and revenue of $26.13B (vs. $24.24B expected), with analysts projecting full-year EPS of 3.83.
• Valuation and balance-sheet snapshot: Market cap ~$295.6B and a low P/E of 6.24 with very low beta (0.08), while liquidity ratios are below 1 (current and quick 0.87) and debt-to-equity is 0.73.

China Construction Bank Corp. (OTCMKTS:CICHY - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $22.89 and last traded at $22.55, with a volume of 10052 shares changing hands. The stock had previously closed at $22.80.

China Construction Bank Price Performance

The company's 50 day simple moving average is $20.98 and its 200 day simple moving average is $20.43. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $295.61 billion, a PE ratio of 6.24 and a beta of 0.08.

China Construction Bank (OTCMKTS:CICHY - Get Free Report) last posted its quarterly earnings data on Friday, March 27th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.01. The business had revenue of $26.13 billion for the quarter, compared to analysts' expectations of $24.24 billion. China Construction Bank had a return on equity of 9.73% and a net margin of 25.79%. On average, equities analysts anticipate that China Construction Bank Corp. will post 3.83 earnings per share for the current year.

About China Construction Bank

China Construction Bank Corporation OTCMKTS: CICHY is one of the largest commercial banks in China, headquartered in Beijing. The bank provides a broad range of banking and financial services to corporate, institutional and individual customers. It is widely recognized as one of the major state-owned banks in China and has played a significant role in financing infrastructure, real estate and corporate development across the country.

CCB's core business activities include corporate banking, personal banking and treasury operations.

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