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

China Minsheng (OTCMKTS:CMAKY) shares gapped up prior to trading on Thursday . The stock had previously closed at $4.82, but opened at $5.22. China Minsheng shares last traded at $5.22, with a volume of 192 shares trading hands.

Analysts Set New Price Targets

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

China Minsheng Stock Performance

The company has a fifty day moving average of $4.86 and a two-hundred day moving average of $5.25. The firm has a market capitalization of $22.85 billion, a price-to-earnings ratio of 5.93 and a beta of 0.26.

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.