China Minsheng (OTCMKTS:CMAKY) Shares Gap Up – Still a Buy?

China Minsheng (OTCMKTS:CMAKY) gapped up before the market opened on Monday . The stock had previously closed at $4.07, but opened at $4.55. China Minsheng shares last traded at $4.46, with a volume of 1,102 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised China Minsheng from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

China Minsheng Trading Up 2.6%

The business’s fifty day moving average is $4.27 and its 200 day moving average is $4.57. The firm has a market capitalization of $20.03 billion, a P/E ratio of 5.32 and a beta of 0.29.

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.