China Merchants Bank (OTCMKTS:CIHKY) was downgraded by ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.
China Merchants Bank (CIHKY) traded down $0.88 during trading on Friday, hitting $19.08. 3,647 shares of the stock traded hands, compared to its average volume of 2,486. The firm has a market cap of $17,518.88, a price-to-earnings ratio of 9.54 and a beta of 1.13. China Merchants Bank has a one year low of $11.45 and a one year high of $21.55. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.84.
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China Merchants Bank Co, Ltd. provides various wholesale and retail banking products and services in the Peoples Republic of China. The company operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. It offers saving products and services; time and demand deposits; personal commercial real estate, consumption, housing, and car loans, as well as loans to finance for studying abroad; micro-business loans; combo, guarantee, and housing mortgage loans; mortgage loans for equipment; general mortgage loans; bank acceptance, discount, liquid capital, and fixed asset loans; financial leasing, third party payment, and guarantee services, as well as loans for vessels; investment and wealth management, and insurance products; individual forex option, forex express, and gold trading services; open ended funds; and all-in-one, a personal account.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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