China Minsheng (OTCMKTS:CMAKY) Shares Gap Down – What’s Next?

China Minsheng (OTCMKTS:CMAKY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $5.5548, but opened at $5.02. China Minsheng shares last traded at $5.02, with a volume of 369 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded China Minsheng from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

China Minsheng Stock Performance

The stock’s fifty day moving average price is $5.35 and its two-hundred day moving average price is $5.58. The company has a market cap of $21.98 billion, a P/E ratio of 5.70 and a beta of 0.25. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.87.

China Minsheng (OTCMKTS:CMAKY) last posted its quarterly earnings results on Friday, October 31st. The company reported $0.20 earnings per share for the quarter. The company had revenue of $5.05 billion for the quarter. China Minsheng had a net margin of 11.27% and a return on equity of 4.49%.

About China Minsheng

China Minsheng Banking Corp., Ltd. (OTCMKTS: CMAKY) is a commercial bank that provides a broad range of banking and financial services to corporate and individual customers in the People’s Republic of China. The bank’s product suite encompasses corporate lending, small- and medium-sized enterprise (SME) finance, retail banking products such as deposits and consumer loans, as well as trade finance and cash-management services for businesses.

In addition to traditional lending and deposit-taking, China Minsheng offers treasury and capital markets services, wealth management and private banking solutions, and asset-management products.