China Merchants Bank (OTCMKTS:CIHKY) Stock Price Up 1.8% – Still a Buy?

China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) traded up 1.8% during trading on Friday . The stock traded as high as $30.25 and last traded at $29.60. 30,114 shares were traded during trading, a decline of 5% from the average session volume of 31,729 shares. The stock had previously closed at $29.08.

China Merchants Bank Price Performance

The business’s 50-day simple moving average is $28.95 and its two-hundred day simple moving average is $26.78. 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 stock has a market cap of $149.29 billion, a price-to-earnings ratio of 7.61 and a beta of 0.28.

China Merchants Bank (OTCMKTS:CIHKY) last released its earnings results on Tuesday, April 29th. The company reported $1.02 earnings per share (EPS) for the quarter. The company had revenue of $10.16 billion for the quarter. China Merchants Bank had a net margin of 30.16% and a return on equity of 13.27%.

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.