China Merchants Bank (OTCMKTS:CIHKY) Stock Price Down 0.7% - Should You Sell?

Key Points

• Shares of China Merchants Bank fell by 0.7%, trading at $29.73, with over 27,000 shares changing hands, reflecting a 5% increase from average volume.
• The bank reported $0.97 EPS and $11.80 billion in revenue in its last quarterly earnings, showcasing a return on equity of 12.50%.
• China Merchants Bank has a market capitalization of $149.96 billion and a relatively low debt-to-equity ratio of 0.14.

Shares of China Merchants Bank Co. (OTCMKTS:CIHKY - Get Free Report) dropped 0.7% during mid-day trading on Tuesday . The stock traded as low as $29.63 and last traded at $29.73. Approximately 27,131 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 25,762 shares. The stock had previously closed at $29.93.

China Merchants Bank Stock Down 0.7%

The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average price of $30.91 and a 200-day moving average price of $30.98. The stock has a market capitalization of $149.96 billion, a P/E ratio of 7.58 and a beta of 0.34.

China Merchants Bank (OTCMKTS:CIHKY - Get Free Report) last released its quarterly earnings results on Friday, August 29th. The company reported $0.97 EPS for the quarter. The company had revenue of $11.80 billion during the quarter. China Merchants Bank had a return on equity of 12.50% and a net margin of 31.42%.

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.

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