China Merchants Bank (OTCMKTS:CIHKY) Sets New 12-Month Low – Here’s Why

Shares of China Merchants Bank Co. (OTCMKTS:CIHKY) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $28.22 and last traded at $28.55, with a volume of 4018 shares traded. The stock had previously closed at $29.94.

Analyst Upgrades and Downgrades

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

China Merchants Bank Stock Down 2.2%

The company has a market capitalization of $143.70 billion, a PE ratio of 7.07 and a beta of 0.20. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average of $30.65 and a 200 day moving average of $31.35.

China Merchants Bank (OTCMKTS:CIHKY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $1.08 earnings per share (EPS) for the quarter. The company had revenue of $12.44 billion for the quarter, compared to analyst estimates of $12.43 billion. China Merchants Bank had a net margin of 32.40% and a return on equity of 12.14%. Equities research analysts anticipate that China Merchants Bank Co. will post 4.5 EPS for the current year.

About China Merchants Bank

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.