China Merchants Bank (OTCMKTS:CIHKY) Trading Down 1.8% – What’s Next?

China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY)’s share price was down 1.8% on Friday . The company traded as low as $23.25 and last traded at $23.44. Approximately 41,979 shares traded hands during trading, a decline of 27% from the average daily volume of 57,852 shares. The stock had previously closed at $23.86.

China Merchants Bank Trading Down 1.8 %

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a fifty day moving average of $23.85 and a 200-day moving average of $22.64. The firm has a market cap of $118.23 billion, a P/E ratio of 6.03 and a beta of 0.36.

China Merchants Bank (OTCMKTS:CIHKY) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $1.06 EPS for the quarter. China Merchants Bank had a net margin of 30.16% and a return on equity of 13.43%. The company had revenue of $11.05 billion for the quarter.

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.