China Minsheng (OTCMKTS:CMAKY) Shares Gap Up – Here’s Why

China Minsheng (OTCMKTS:CMAKY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $5.1950, but opened at $5.5548. China Minsheng shares last traded at $5.5548, with a volume of 154 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded 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.com, the stock presently has a consensus rating of “Hold”.

China Minsheng Price Performance

The company has a fifty day simple moving average of $5.35 and a 200 day simple moving average of $5.56. The stock has a market capitalization of $24.32 billion, a price-to-earnings ratio of 6.31 and a beta of 0.25. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.87.

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

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.