China Minsheng (OTCMKTS:CMAKY) Shares Gap Down – Time to Sell?

China Minsheng (OTCMKTS:CMAKY) gapped down before the market opened on Thursday . The stock had previously closed at $4.94, but opened at $4.48. China Minsheng shares last traded at $4.48, with a volume of 234 shares.

China Minsheng Stock Down 10.0%

The firm has a market capitalization of $19.61 billion, a PE ratio of 5.09 and a beta of 0.32. The business’s fifty day moving average price is $4.76 and its 200 day moving average price is $4.97.

China Minsheng (OTCMKTS:CMAKY) last released its earnings results on Monday, March 30th. The company reported $0.06 earnings per share (EPS) for the quarter. China Minsheng had a net margin of 11.67% and a return on equity of 4.47%. The firm had revenue of $4.03 billion during the quarter. As a group, sell-side analysts forecast that China Minsheng will post 0.91 earnings per share for the current fiscal year.

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.