China Merchants Bank (OTCMKTS:CIHKY) Trading Down 1.8% – Should You Sell?

China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) shares were down 1.8% during mid-day trading on Friday . The stock traded as low as $23.25 and last traded at $23.44. Approximately 41,979 shares changed hands during trading, a decline of 27% from the average daily volume of 57,852 shares. The stock had previously closed at $23.86.

China Merchants Bank Trading Down 1.8 %

The stock has a market capitalization of $118.23 billion, a price-to-earnings ratio of 6.03 and a beta of 0.36. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average of $23.85 and a two-hundred day moving average of $22.64.

China Merchants Bank (OTCMKTS:CIHKY) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $1.06 earnings per share (EPS) for the quarter. The business had revenue of $11.05 billion for the quarter. China Merchants Bank had a net margin of 30.16% and a return on equity of 13.43%.

About China Merchants Bank

China Merchants Bank Co, Ltd., together with its subsidiaries, provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company offers current, demand, time, call, savings, notice, and renminbi accounts. Its loan products include personal commercial real estate, consumption, housing, and car loans; loans to finance for studying abroad; micro-business loans; mortgage loans for equipment; joint guarantee, special guarantee, and housing mortgage loan; bank acceptance, discount, liquid capital, and fixed asset loans; and loans for vessels.