China Construction Bank (OTCMKTS:CICHY) Hits New 1-Year High – Time to Buy?

China Construction Bank Corp. (OTCMKTS:CICHY)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $23.26 and last traded at $23.24, with a volume of 4324 shares. The stock had previously closed at $22.40.

China Construction Bank Stock Up 0.2%

The business’s fifty day moving average price is $21.68 and its 200 day moving average price is $21.24. The firm has a market capitalization of $306.33 billion, a PE ratio of 6.40 and a beta of 0.12.

China Construction Bank (OTCMKTS:CICHY) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.04). China Construction Bank had a net margin of 26.72% and a return on equity of 9.70%. The firm had revenue of $30.21 billion for the quarter, compared to analysts’ expectations of $29.64 billion. As a group, sell-side analysts forecast that China Construction Bank Corp. will post 3.98 earnings per share for the current fiscal year.

China Construction Bank Company Profile

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.