China Construction Bank (OTCMKTS:CICHY) Sets New 12-Month High – Should You Buy?

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

China Construction Bank Stock Up 3.6%

The firm has a market capitalization of $346.10 billion, a P/E ratio of 6.84 and a beta of 0.12. The business’s 50 day moving average is $24.75 and its two-hundred day moving average is $22.30.

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

About China Construction Bank

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.