China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $33.17 and last traded at $32.39, with a volume of 26670 shares changing hands. The stock had previously closed at $32.36.
China Merchants Bank Stock Down 3.8 %
The firm has a market cap of $156.21 billion, a P/E ratio of 7.96 and a beta of 0.30. The firm’s 50-day moving average price is $28.45 and its 200 day moving average price is $25.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.84.
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.
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