China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY – Get Free Report) rose 0.1% on Thursday . The stock traded as high as $19.59 and last traded at $19.45. Approximately 28,809 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 100,584 shares. The stock had previously closed at $19.43.
China Merchants Bank Price Performance
The company has a 50-day simple moving average of $18.60 and a two-hundred day simple moving average of $18.77. The stock has a market capitalization of $98.11 billion, a price-to-earnings ratio of 4.94 and a beta of 0.39.
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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