China Merchants Bank (OTCMKTS:CIHKY) Sets New 12-Month Low – Should You Sell?

Shares of China Merchants Bank Co. (OTCMKTS:CIHKY) hit a new 52-week low during trading on Thursday . The company traded as low as $27.26 and last traded at $28.1550, with a volume of 1417 shares traded. The stock had previously closed at $28.47.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of China Merchants Bank to a “hold” rating in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

China Merchants Bank Price Performance

The firm has a market cap of $141.23 billion, a P/E ratio of 6.95 and a beta of 0.21. The firm has a fifty day moving average of $30.09 and a 200-day moving average of $31.14.

China Merchants Bank (OTCMKTS:CIHKY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $1.08 EPS for the quarter. The firm had revenue of $12.44 billion during the quarter, compared to analysts’ expectations of $12.43 billion. China Merchants Bank had a return on equity of 12.14% and a net margin of 32.40%. On average, equities analysts forecast that China Merchants Bank Co. will post 4.5 EPS for the current year.

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.