China Merchants Bank (OTCMKTS:CIHKY) Shares Gap Down – Should You Sell?

China Merchants Bank Co. (OTCMKTS:CIHKY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $34.06, but opened at $32.4550. China Merchants Bank shares last traded at $33.6988, with a volume of 1,329 shares changing hands.

China Merchants Bank Stock Performance

The business has a 50-day moving average of $31.03 and a 200-day moving average of $30.91. The stock has a market capitalization of $165.87 billion, a price-to-earnings ratio of 7.92 and a beta of 0.20.

China Merchants Bank (OTCMKTS:CIHKY) last announced its earnings results on Friday, August 28th. The company reported $1.09 EPS for the quarter. China Merchants Bank had a return on equity of 12.45% and a net margin of 32.69%.The company had revenue of $13.01 billion during the quarter, compared to analysts’ expectations of $12.98 billion. Equities analysts predict that China Merchants Bank Co. will post 4.51 earnings per share for the current fiscal year.

China Merchants Bank Company Profile

China Merchants Bank Co, Ltd. is a commercial bank headquartered in Shenzhen, China. Established in 1987 as part of China Merchants Group, the bank has developed into a major financial services provider with a strong focus on retail banking and technology-enabled services.

The bank offers deposits, personal and corporate loans, credit cards, payment services, wealth management, investment banking, asset management and financial-market services. It serves individual customers, small and medium-sized businesses, large corporations and institutional clients through its banking network and digital platforms.