China Merchants Bank (OTCMKTS:CIHKY) Hits New 1-Year High – Here’s Why

Shares of China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $34.99 and last traded at $34.08, with a volume of 28435 shares trading hands. The stock had previously closed at $32.86.

China Merchants Bank Price Performance

The stock has a market capitalization of $171.90 billion, a P/E ratio of 8.76 and a beta of 0.33. The business has a fifty day simple moving average of $30.01 and a 200 day simple moving average of $28.23. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21.

China Merchants Bank (OTCMKTS:CIHKY) last announced its earnings results on Tuesday, April 29th. The company reported $1.02 earnings per share (EPS) for the quarter. The company had revenue of $10.16 billion for the quarter. China Merchants Bank had a return on equity of 13.27% and a net margin of 30.16%.

China Merchants Bank Company Profile

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.