China Minsheng (OTCMKTS:CMAKY) Shares Gap Down – Should You Sell?

Shares of China Minsheng (OTCMKTS:CMAKY) gapped down before the market opened on Monday . The stock had previously closed at $5.02, but opened at $4.60. China Minsheng shares last traded at $4.60, with a volume of 157 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised China Minsheng from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, China Minsheng has an average rating of “Hold”.

China Minsheng Stock Performance

The stock has a market cap of $20.14 billion, a price-to-earnings ratio of 5.23 and a beta of 0.25. The business has a fifty day simple moving average of $5.24 and a 200 day simple moving average of $5.52.

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

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.