China Merchants Bank (OTCMKTS:CIHKY) Shares Gap Up – Here’s What Happened

Shares of China Merchants Bank Co. (OTCMKTS:CIHKY) gapped up before the market opened on Friday . The stock had previously closed at $30.55, but opened at $31.85. China Merchants Bank shares last traded at $30.7150, with a volume of 1,580 shares changing hands.

China Merchants Bank Trading Up 0.6%

The firm has a market cap of $154.98 billion, a PE ratio of 7.80 and a beta of 0.24. The company has a 50-day simple moving average of $32.50 and a 200 day simple moving average of $31.89. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.12.

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

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.