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

China CITIC Bank Corporation Limited (OTCMKTS:CHCJY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $17.4120, but opened at $16.10. China CITIC Bank shares last traded at $16.10, with a volume of 359 shares changing hands.

Analysts Set New Price Targets

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

China CITIC Bank Price Performance

The company has a fifty day simple moving average of $19.04 and a 200 day simple moving average of $19.12. The firm has a market capitalization of $39.39 billion, a P/E ratio of 4.76 and a beta of 0.32. 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 data on Tuesday, May 5th. The company reported $1.04 earnings per share for the quarter. The business had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.86 billion. China CITIC Bank had a net margin of 20.39% and a return on equity of 8.44%. On average, equities analysts expect that China CITIC Bank Corporation Limited will post 3.61 EPS for the current fiscal year.

China CITIC Bank Company Profile

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.