China Merchants Bank (OTCMKTS:CIHKY) Releases Quarterly Earnings Results

China Merchants Bank (OTCMKTS:CIHKY) posted its quarterly earnings results on Tuesday. The company reported $0.87 earnings per share for the quarter, Zacks reports. China Merchants Bank had a net margin of 30.16% and a return on equity of 13.27%.

China Merchants Bank Stock Performance

Shares of CIHKY stock opened at $31.75 on Wednesday. China Merchants Bank has a fifty-two week low of $18.20 and a fifty-two week high of $33.17. The stock’s 50-day moving average is $28.84 and its two-hundred day moving average is $25.74. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $160.15 billion, a P/E ratio of 8.16 and a beta of 0.30.

About China Merchants Bank

China Merchants Bank Co, Ltd., together with its subsidiaries, provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company offers current, demand, time, call, savings, notice, and renminbi accounts. Its loan products include personal commercial real estate, consumption, housing, and car loans; loans to finance for studying abroad; micro-business loans; mortgage loans for equipment; joint guarantee, special guarantee, and housing mortgage loan; bank acceptance, discount, liquid capital, and fixed asset loans; and loans for vessels.