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

Key Points

• China Construction Bank shares opened at $19.84 after closing at $19.09, indicating a positive shift in stock performance.
• The bank has a market capitalization of $240.51 billion and a low P/E ratio of 5.37, suggesting favorable valuation metrics.
• With a beta of 0.19, the stock indicates low volatility compared to the market overall.

China Construction Bank Corp. (OTCMKTS:CICHY - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $19.09, but opened at $19.84. China Construction Bank shares last traded at $19.34, with a volume of 34,009 shares traded.

China Construction Bank Price Performance

The firm has a 50-day simple moving average of $20.47 and a two-hundred day simple moving average of $18.58. The company has a market capitalization of $243.89 billion, a price-to-earnings ratio of 5.45 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 announced its quarterly earnings results on Friday, August 29th. The company reported $0.88 earnings per share for the quarter, hitting the consensus estimate of $0.88. The company had revenue of $24.73 billion for the quarter, compared to the consensus estimate of $178.48 billion. China Construction Bank had a return on equity of 10.11% and a net margin of 24.85%.

China Construction Bank Company Profile

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.