China CITIC Bank (OTCMKTS:CHCJY) Issues Earnings Results

China CITIC Bank (OTCMKTS:CHCJY) released its earnings results on Thursday. The company reported $999.00 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

OTCMKTS CHCJY opened at $18.62 on Friday. China CITIC Bank has a 12 month low of $15.92 and a 12 month high of $22.30. The stock has a market cap of $45.56 billion, a price-to-earnings ratio of 5.32 and a beta of 0.28. The company’s 50 day moving average is $20.60 and its two-hundred day moving average is $19.21. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.27.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of China CITIC Bank to a “hold” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus 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.