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

China Minsheng (OTCMKTS:CMAKY) gapped down prior to trading on Tuesday . The stock had previously closed at $5.86, but opened at $5.46. China Minsheng shares last traded at $5.46, with a volume of 126 shares changing hands.

Wall Street Analysts Forecast Growth

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

China Minsheng Stock Down 6.8%

The firm has a market capitalization of $23.91 billion, a P/E ratio of 5.93 and a beta of 0.28. The firm’s 50 day moving average is $5.33 and its two-hundred day moving average is $5.46. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.89 and a quick ratio of 0.89.

China Minsheng (OTCMKTS:CMAKY) last announced its quarterly earnings results on Friday, October 31st. The company reported $0.20 EPS for the quarter. China Minsheng had a net margin of 11.62% and a return on equity of 4.72%. The firm had revenue of $5.05 billion during the quarter.

China Minsheng Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, October 30th. Shareholders of record on Monday, September 15th were issued a $0.1341 dividend. This is an increase from China Minsheng’s previous dividend of $0.06. This represents a dividend yield of 579.0%. The ex-dividend date was Friday, September 12th. China Minsheng’s dividend payout ratio is presently 29.55%.

China Minsheng Company Profile

China Minsheng Banking Corp., Ltd. provides banking products and services for individuals, small and micro-enterprises, corporate customers, government agencies, and financial institutions in the People's Republic of China. The company operates through Corporate Banking, Retail Banking, and Others segments.