China Merchants Bank Co. (OTCMKTS:CIHKY – Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 123,241 shares were traded during trading, an increase of 256% from the previous session’s volume of 34,635 shares.The stock last traded at $30.72 and had previously closed at $30.70.
China Merchants Bank Price Performance
The company has a 50-day moving average of $31.61 and a 200-day moving average of $31.66. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $154.90 billion, a price-to-earnings ratio of 7.79 and a beta of 0.29.
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.
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