China Construction Bank (OTCMKTS:CICHY) Sees Large Volume Increase – Here’s What Happened

China Construction Bank Corp. (OTCMKTS:CICHY) shares saw unusually-high trading volume on Tuesday . Approximately 236,255 shares were traded during trading, an increase of 245% from the previous session’s volume of 68,417 shares.The stock last traded at $20.6365 and had previously closed at $20.80.

Analysts Set New Price Targets

Separately, Zacks Research upgraded China Construction Bank to a “hold” rating in a research note on Monday, December 22nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

China Construction Bank Stock Performance

The company’s 50-day simple moving average is $20.02 and its 200-day simple moving average is $19.98. The stock has a market capitalization of $265.92 billion, a price-to-earnings ratio of 5.65 and a beta of 0.13. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73.

About China Construction Bank

China Construction Bank Corporation (OTCMKTS:CICHY) is one of the largest commercial banks in China, headquartered in Beijing. The bank provides a broad range of banking and financial services to corporate, institutional and individual customers. It is widely recognized as one of the major state-owned banks in China and has played a significant role in financing infrastructure, real estate and corporate development across the country.

CCB’s core business activities include corporate banking, personal banking and treasury operations.