China Merchants Bank (OTCMKTS:CIHKY) Shares Gap Up – Time to Buy?

China Merchants Bank Co. (OTCMKTS:CIHKY) gapped up prior to trading on Friday . The stock had previously closed at $32.5060, but opened at $33.90. China Merchants Bank shares last traded at $33.39, with a volume of 2,277 shares.

China Merchants Bank Trading Down 1.0%

The company has a market capitalization of $164.43 billion, a P/E ratio of 7.86 and a beta of 0.20. The stock’s fifty day moving average is $31.57 and its 200 day moving average is $30.98.

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

About China Merchants Bank

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.