China CITIC Bank (OTCMKTS:CHCJY) Shares Down 5.8% – Should You Sell?

Shares of China CITIC Bank Corporation Limited (OTCMKTS:CHCJY) fell 5.8% during mid-day trading on Tuesday . The company traded as low as $19.34 and last traded at $19.34. 524 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 4,218 shares. The stock had previously closed at $20.52.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded China CITIC Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

China CITIC Bank Stock Down 5.8%

The firm’s 50 day moving average price is $18.66 and its two-hundred day moving average price is $19.22. The firm has a market capitalization of $47.32 billion, a PE ratio of 5.72 and a beta of 0.31. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.27.

China CITIC Bank (OTCMKTS:CHCJY) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.04 earnings per share (EPS) for the quarter. China CITIC Bank had a net margin of 20.39% and a return on equity of 8.44%. The firm had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.86 billion. As a group, research analysts forecast that China CITIC Bank Corporation Limited will post 3.88 EPS for the current fiscal year.

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.