China Merchants Holdings International (OTCMKTS:CMHHY) Stock Price Down 12.7% – Here’s Why

Shares of China Merchants Holdings International Co. (OTCMKTS:CMHHY) traded down 12.7% on Thursday. The stock traded as low as $21.35 and last traded at $21.35. Approximately 100 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 5,357 shares. The stock had previously closed at $24.45.

China Merchants Holdings International Stock Performance

The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.07. The firm has a fifty day simple moving average of $21.21 and a 200-day simple moving average of $19.63.

About China Merchants Holdings International

China Merchants Holdings International Company Limited was a Hong Kong-based infrastructure and transportation company focused primarily on port operations and related logistics services. The company developed, operated, and invested in container terminals, bulk cargo terminals, and other port facilities, supporting the movement of goods through major trade routes.

Its port and terminal interests have included locations in mainland China and overseas markets. The company also participated in port-related logistics, including cargo handling, warehousing, and transportation services, as well as investments connected with port infrastructure and supply-chain operations.

China Merchants Holdings International changed its name to China Merchants Port Holdings Company Limited in 2016.