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

Shares of China Merchants Bank Co. (OTCMKTS:CIHKY) saw unusually-strong trading volume on Friday . Approximately 18,524 shares changed hands during trading, an increase of 8% from the previous session’s volume of 17,198 shares.The stock last traded at $30.26 and had previously closed at $30.86.

China Merchants Bank Stock Down 1.7%

The business’s 50 day moving average is $33.06 and its 200 day moving average is $32.07. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.12. The company has a market cap of $153.03 billion, a P/E ratio of 7.70 and a beta of 0.24.

China Merchants Bank (OTCMKTS:CIHKY) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.08 earnings per share (EPS) for the quarter. The business 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.