China Merchants Bank (OTCMKTS:CIHKY) Sees Strong Trading Volume – Here’s What Happened

Shares of China Merchants Bank Co. (OTCMKTS:CIHKY) saw strong trading volume on Wednesday . 27,063 shares traded hands during trading, a decline of 3% from the previous session’s volume of 27,930 shares.The stock last traded at $33.8050 and had previously closed at $34.0390.

China Merchants Bank Price Performance

The stock has a market capitalization of $170.39 billion, a price-to-earnings ratio of 8.57 and a beta of 0.24. The company’s 50-day simple moving average is $32.93 and its 200-day simple moving average is $32.24. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.81 and a quick ratio of 0.81.

China Merchants Bank (OTCMKTS:CIHKY) last announced its earnings results on Wednesday, October 29th. The company reported $1.08 earnings per share for the quarter. The company had revenue of $10.96 billion for the quarter. China Merchants Bank had a return on equity of 12.04% and a net margin of 32.06%.

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.