China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY - Get Free Report) shares dropped 1.9% during trading on Wednesday . The company traded as low as $22.67 and last traded at $22.72. Approximately 24,816 shares changed hands during trading, a decline of 69% from the average daily volume of 81,011 shares. The stock had previously closed at $23.16.
China Merchants Bank Stock Down 1.9 %
The company has a market capitalization of $114.60 billion, a price-to-earnings ratio of 5.81 and a beta of 0.36. The business has a fifty day simple moving average of $20.23 and a two-hundred day simple moving average of $18.79.
China Merchants Bank (OTCMKTS:CIHKY - Get Free Report) last announced its quarterly earnings results on Monday, March 25th. The company reported $0.83 EPS for the quarter. China Merchants Bank had a return on equity of 14.92% and a net margin of 29.99%. The business had revenue of $10.89 billion for the quarter.
About China Merchants Bank
(
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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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