China Merchants Bank (OTCMKTS:CIHKY) Sees Unusually-High Trading Volume – Still a Buy?

by · The Cerbat Gem

China Merchants Bank Co. (OTCMKTS:CIHKY – Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 65,766 shares were traded during trading, an increase of 137% from the previous session’s volume of 27,711 shares.The stock last traded at $33.15 and had previously closed at $33.78.

China Merchants Bank Stock Down 3.8%

The firm’s fifty day simple moving average is $32.08 and its 200-day simple moving average is $32.12. The company has a market cap of $167.51 billion, a PE ratio of 8.43 and a beta of 0.24. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.12.

China Merchants Bank (OTCMKTS:CIHKY – Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.08 earnings per share (EPS) for the quarter. The firm had revenue of $10.96 billion during the quarter. China Merchants Bank had a return on equity of 12.04% and a net margin of 32.06%.

About China Merchants Bank

(Get Free Report)

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.

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