China Merchants Bank (OTCMKTS:CIHKY) Sets New 12-Month Low – Should You Sell?

China Merchants Bank Co. (OTCMKTS:CIHKY)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $27.26 and last traded at $28.1550, with a volume of 1417 shares trading hands. The stock had previously closed at $28.47.

Analyst Ratings Changes

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

China Merchants Bank Stock Down 3.3%

The firm has a market capitalization of $140.22 billion, a P/E ratio of 6.90 and a beta of 0.21. The firm’s 50-day simple moving average is $30.27 and its 200-day simple moving average is $31.19.

China Merchants Bank (OTCMKTS:CIHKY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $1.08 EPS for the quarter. The firm 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%. As a group, analysts expect that China Merchants Bank Co. will post 4.5 EPS for the current fiscal 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.