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China Construction Bank (OTCMKTS:CICHY) Shares Gap Down - Time to Sell?

China Construction Bank logo with Finance background

Key Points

  • China Construction Bank's shares gapped down from a previous close of $20.01 to an opening of $19.38, and last traded at $19.90, with a trading volume of 22,825 shares.
  • The bank reported $0.88 earnings per share for its latest quarter, matching analysts' expectations, but revenue fell short at $24.73 billion compared to the anticipated $178.48 billion.
  • China Construction Bank maintains a debt-to-equity ratio of 0.85, a quick ratio and current ratio of 0.95, and its market capitalization stands at $251.39 billion.
  • MarketBeat previews top five stocks to own in October.

China Construction Bank Corp. (OTCMKTS:CICHY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $20.01, but opened at $19.38. China Construction Bank shares last traded at $19.90, with a volume of 22,825 shares trading hands.

China Construction Bank Price Performance

The company has a 50 day moving average price of $20.23 and a 200 day moving average price of $18.82. The company has a market capitalization of $243.64 billion, a price-to-earnings ratio of 5.41 and a beta of 0.22. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.85.

China Construction Bank (OTCMKTS:CICHY - Get Free Report) last released its earnings results on Friday, August 29th. The company reported $0.88 EPS for the quarter, meeting the consensus estimate of $0.88. The company had revenue of $24.73 billion during the quarter, compared to analysts' expectations of $178.48 billion. China Construction Bank had a return on equity of 10.06% and a net margin of 24.99%.

About China Construction Bank

(Get Free Report)

China Construction Bank Corporation provides various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally. It operates through Corporate Finance Business, Personal Finance Business, Treasury and Asset Management Business, and Others segments.

Further Reading

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