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

Shares of China Merchants Bank Co. (OTCMKTS:CIHKY) saw unusually-high trading volume on Monday . Approximately 65,766 shares traded hands during mid-day 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 Performance

The stock has a market capitalization of $167.74 billion, a price-to-earnings ratio of 8.44 and a beta of 0.24. The company has a 50 day simple moving average of $32.21 and a 200-day simple moving average of $32.15. 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) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.08 earnings per share for the quarter. China Merchants Bank had a net margin of 32.06% and a return on equity of 12.04%. The company had revenue of $10.96 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.