China Construction Bank (OTCMKTS:CICHY) Shares Gap Down - What's Next?

Key Points

• Shares gapped down pre-market (prior close $21.59, opened $20.81) but later traded at $21.70 on a volume of 6,970 shares.
• Zacks Research upgraded China Construction Bank to a "Hold" on Dec. 22, and the stock's average MarketBeat consensus rating is currently "Hold."
• Recent quarter beat expectations with EPS $0.85 vs. $0.84 est. and revenue $26.13B vs. $24.24B est.; the bank has a market cap of $284.1B, a P/E of 6.00, ROE 9.73% and a net margin of 25.79%.

Shares of China Construction Bank Corp. (OTCMKTS:CICHY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $21.59, but opened at $20.81. China Construction Bank shares last traded at $21.70, with a volume of 6,970 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded China Construction Bank to a "hold" rating in a report on Monday, December 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, China Construction Bank has an average rating of "Hold".

China Construction Bank Stock Up 0.6%

The business has a fifty day moving average of $20.65 and a 200 day moving average of $20.22. The stock has a market cap of $284.10 billion, a price-to-earnings ratio of 6.00 and a beta of 0.08. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.87 and a quick ratio of 0.87.

China Construction Bank (OTCMKTS:CICHY - Get Free Report) last announced its earnings results on Friday, March 27th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.01. The firm had revenue of $26.13 billion during 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%.

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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