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China Merchants Bank (OTCMKTS:CIHKY) Hits New 52-Week High - What's Next?

China Merchants Bank logo with Finance background
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China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $33.17 and last traded at $32.39, with a volume of 26670 shares trading hands. The stock had previously closed at $32.36.

China Merchants Bank Stock Up 0.3 %

The company has a market cap of $156.67 billion, a price-to-earnings ratio of 7.98 and a beta of 0.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a 50-day moving average price of $28.59 and a 200 day moving average price of $25.49.

About China Merchants Bank

(Get Free Report)

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.

Further Reading

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