China Merchants Bank (OTCMKTS:CIHKY) Shares Gap Down - Here's Why

Key Points

• China Merchants Bank gapped down premarket — prior close $31.72, opened at $29.70 and was trading around $30.56, down roughly 4.5%.
• The bank reported quarterly EPS of $1.08, with a ROE of 12.1% and net margin of 32.75%; it trades at a PE of 7.63 and analysts project about 4.5 EPS for the fiscal year.
• Zacks Research raised its rating to a Hold, and the consensus recommendation tracked by MarketBeat is currently Hold.

China Merchants Bank Co. (OTCMKTS:CIHKY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $31.72, but opened at $29.70. China Merchants Bank shares last traded at $30.5599, with a volume of 1,689 shares.

Analyst Ratings Changes

Separately, Zacks Research raised China Merchants Bank to a "hold" rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold".

China Merchants Bank Trading Down 4.5%

The stock has a fifty day moving average of $31.63 and a 200 day moving average of $32.02. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $152.83 billion, a PE ratio of 7.63 and a beta of 0.27.

China Merchants Bank (OTCMKTS:CIHKY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $1.08 EPS for the quarter. China Merchants Bank had a return on equity of 12.10% and a net margin of 32.75%. As a group, sell-side analysts predict that China Merchants Bank Co. will post 4.5 earnings per share for the current fiscal year.

China Merchants Bank Company Profile

China Merchants Bank OTCMKTS: CIHKY is a major Chinese commercial bank headquartered in Shenzhen. Established in 1987 as one of the country’s early joint-stock commercial banks, it has grown into a full-service banking group serving individual, small and medium-sized enterprise (SME), and corporate clients. The bank is part of the broader China Merchants Group ecosystem and maintains listings on domestic and international exchanges to facilitate investor access.

The bank’s core businesses encompass retail banking, corporate and commercial banking, private banking and wealth management, credit cards, transaction banking and trade finance, treasury and markets, and asset management.

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