
China Merchants Bank (OTCMKTS:CIHKY) Shares Gap Down - Here's Why

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China Merchants Bank (OTCMKTS:CIHKY) shares gapped down from $31.72 to $30.26 before trading on Monday, closing at $31.5150 with a trading volume of 7,236 shares. The bank has a market cap of $159.64 billion, a PE ratio of 8.03, and a beta of 0.29. Analysts currently rate the stock as a Hold, but it is not among the top recommended stocks by analysts. The bank, established in 1987, offers a range of banking services and is part of the China Merchants Group.
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