China Merchants Bank (OTCMKTS:CIHKY) Trading Down 7.7% – What’s Next?

China Merchants Bank Co. (OTCMKTS:CIHKY)’s share price dropped 7.7% on Thursday . The company traded as low as $29.60 and last traded at $29.60. Approximately 665 shares were traded during trading, a decline of 96% from the average daily volume of 18,944 shares. The stock had previously closed at $32.08.

China Merchants Bank Stock Down 2.3%

The company has a debt-to-equity ratio of 0.12, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $155.10 billion, a price-to-earnings ratio of 7.80 and a beta of 0.24. The firm’s fifty day moving average price is $33.15 and its 200-day moving average price is $32.14.

China Merchants Bank (OTCMKTS:CIHKY) last posted its earnings results on Wednesday, October 29th. The company reported $1.08 EPS for the quarter. The firm had revenue of $10.96 billion during 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.