China Merchants Bank (OTCMKTS:CIHKY) Issues Quarterly Earnings Results

China Merchants Bank (OTCMKTS:CIHKY) released its earnings results on Tuesday. The company reported $0.87 EPS for the quarter, Zacks reports. China Merchants Bank had a return on equity of 13.27% and a net margin of 30.16%.

China Merchants Bank Stock Performance

OTCMKTS CIHKY traded down $0.06 on Tuesday, reaching $31.00. The stock had a trading volume of 24,157 shares, compared to its average volume of 35,716. China Merchants Bank has a 12-month low of $18.20 and a 12-month high of $33.17. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $156.36 billion, a P/E ratio of 7.97 and a beta of 0.30. The business’s 50-day moving average price is $28.72 and its 200 day moving average price is $25.65.

About China Merchants Bank

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.