China Construction Bank (OTCMKTS:CICHY) Shares Gap Up - Here's Why

Key Points

• China Construction Bank's shares experienced a gap up from $19.20 to $20.06 before closing at $19.81 with a trading volume of 26,654 shares.
• The bank reported $0.88 EPS for the last quarter, aligning with consensus estimates, and had a net margin of 24.99% on revenue of $24.73 billion.
• With a market capitalization of $247.64 billion, China Construction Bank shows strong financial metrics, including a PE ratio of 5.50 and a debt-to-equity ratio of 0.85.

China Construction Bank Corp. (OTCMKTS:CICHY - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $19.20, but opened at $20.06. China Construction Bank shares last traded at $19.81, with a volume of 26,654 shares.

China Construction Bank Price Performance

The stock has a market cap of $247.64 billion, a PE ratio of 5.50 and a beta of 0.18. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.85. The company's 50 day moving average is $19.49 and its 200-day moving average is $19.01.

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

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.

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