China Construction Bank (OTCMKTS:CICHY) Reaches New 52-Week High – Time to Buy?

China Construction Bank Corp. (OTCMKTS:CICHY – Get Free Report) shares hit a new 52-week high during trading on Wednesday. The company traded as high as $25.80 and last traded at $25.28, with a volume of 22,327 shares. The stock had previously closed at $25.55.

China Construction Bank Price Performance

The company has a market cap of $346.62 billion, a P/E ratio of 7.12 and a beta of 0.10. The stock has a fifty day moving average price of $24.61 and a two-hundred day moving average price of $22.21.

China Construction Bank Company Profile

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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.

Further Reading

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