China Merchants Bank (OTCMKTS:CIHKY) Shares Gap Up – Time to Buy?

China Merchants Bank Co. (OTCMKTS:CIHKY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $32.5060, but opened at $33.90. China Merchants Bank shares last traded at $33.39, with a volume of 2,277 shares trading hands.

China Merchants Bank Stock Down 1.0%

The stock has a market cap of $164.43 billion, a PE ratio of 7.86 and a beta of 0.20. The company has a fifty day moving average price of $31.57 and a 200 day moving average price of $30.98.

China Merchants Bank (OTCMKTS:CIHKY) last issued its earnings results on Friday, August 28th. The company reported $1.09 earnings per share for the quarter. China Merchants Bank had a return on equity of 12.45% and a net margin of 32.69%.The company had revenue of $13.01 billion during the quarter, compared to analysts’ expectations of $12.98 billion. As a group, research analysts predict that China Merchants Bank Co. will post 4.51 earnings per share for the current year.

About China Merchants Bank

China Merchants Bank Co, Ltd. is a commercial bank headquartered in Shenzhen, China. Established in 1987 as part of China Merchants Group, the bank has developed into a major financial services provider with a strong focus on retail banking and technology-enabled services.

The bank offers deposits, personal and corporate loans, credit cards, payment services, wealth management, investment banking, asset management and financial-market services. It serves individual customers, small and medium-sized businesses, large corporations and institutional clients through its banking network and digital platforms.