China CITIC Bank (OTCMKTS:CHCJY) Announces Quarterly Earnings Results

China CITIC Bank (OTCMKTS:CHCJY) announced its quarterly earnings data on Tuesday. The company reported $1.04 EPS for the quarter, Zacks reports. China CITIC Bank had a net margin of 20.20% and a return on equity of 8.48%.

China CITIC Bank Price Performance

Shares of CHCJY stock opened at $20.80 on Tuesday. The firm’s 50 day moving average price is $19.79 and its two-hundred day moving average price is $18.94. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.82 and a current ratio of 0.82. China CITIC Bank has a 52-week low of $14.17 and a 52-week high of $22.30. The stock has a market cap of $50.89 billion, a PE ratio of 6.36 and a beta of 0.29.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised China CITIC Bank to a “hold” rating in a report on Thursday, April 23rd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, China CITIC Bank has an average rating of “Hold”.

About China CITIC Bank

China CITIC Bank Co, Ltd., a subsidiary of CITIC Group, is a leading Chinese commercial bank headquartered in Beijing. Established in the late 1980s, the bank was among the first national joint-stock commercial banks approved by the Chinese government. It is quoted on the U.S. OTC Market under the symbol CHCJY.

The bank offers a wide range of financial services, including corporate and institutional banking, retail banking, treasury and financial markets services. Corporate clients can access lending solutions, trade finance, cash management and project financing, while retail customers can choose from deposit accounts, personal loans, credit cards, wealth management and digital banking platforms.