China Construction Bank (OTCMKTS:CICHY) Sets New 1-Year High – Here’s Why

China Construction Bank Corp. (OTCMKTS:CICHY) reached a new 52-week high during trading on Wednesday. The company traded as high as $26.50 and last traded at $26.4460, with a volume of 203,029 shares traded. The stock had previously closed at $25.54.

China Construction Bank Price Performance

The stock’s 50 day moving average price is $24.75 and its two-hundred day moving average price is $22.30. The firm has a market capitalization of $346.10 billion, a price-to-earnings ratio of 6.84 and a beta of 0.12.

China Construction Bank (OTCMKTS:CICHY) last announced its earnings results on Friday, October 30th. The company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.01). China Construction Bank had a return on equity of 9.82% and a net margin of 28.25%. The firm had revenue of $29.63 billion during the quarter, compared to the consensus estimate of $29.18 billion. As a group, equities research analysts anticipate that China Construction Bank Corp. will post 4.09 EPS for the current fiscal year.

China Construction Bank Company Profile

China Construction Bank Corporation (OTCMKTS:CICHY) is a large Chinese commercial bank headquartered in Beijing. Originally established in 1954 as the People’s Construction Bank of China, it was created to support the financing of national construction and infrastructure projects. The bank adopted its current name in 1996 and has since developed into a full-service commercial banking institution.

CCB provides banking and financial services to corporate, government and individual customers.