Shares of China Merchants Bank Co. (OTCMKTS:CIHKY – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $31.40, but opened at $32.89. China Merchants Bank shares last traded at $32.88, with a volume of 471 shares traded.
China Merchants Bank Trading Up 0.7%
The stock has a market capitalization of $166.65 billion, a P/E ratio of 8.20 and a beta of 0.20. The company has a fifty day simple moving average of $30.55 and a two-hundred day simple moving average of $30.84.
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.
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