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

China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY)’s stock price dropped 1.8% on Friday . The stock traded as low as $23.25 and last traded at $23.44. Approximately 41,979 shares traded hands during mid-day 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 Price Performance

The company has a market capitalization of $118.23 billion, a P/E ratio of 6.03 and a beta of 0.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.86 and a quick ratio of 0.86. The firm’s 50-day moving average is $23.94 and its 200-day moving average is $22.65.

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

China Merchants Bank Company Profile

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.