China Merchants Bank (OTCMKTS:CIHKY) Shares Gap Down – What’s Next?

China Merchants Bank Co. (OTCMKTS:CIHKY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $34.4750, but opened at $33.39. China Merchants Bank shares last traded at $33.35, with a volume of 1,055 shares changing hands.

China Merchants Bank Price Performance

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 stock has a market capitalization of $168.17 billion, a price-to-earnings ratio of 8.46 and a beta of 0.24. The stock’s 50 day simple moving average is $33.08 and its 200-day simple moving average is $32.24.

China Merchants Bank (OTCMKTS:CIHKY) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.08 earnings per share for the quarter. The business had revenue of $10.96 billion for the quarter. China Merchants Bank had a net margin of 32.06% and a return on equity of 12.04%.

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.