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

Shares of China Minsheng (OTCMKTS:CMAKY) gapped down before the market opened on Monday. The stock had previously closed at $4.0880, but opened at $3.79. China Minsheng shares last traded at $3.79, with a volume of 150 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research downgraded China Minsheng from a “hold” rating to a “strong sell” rating in a research note on Friday, October 23rd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, China Minsheng has an average rating of “Sell”.

China Minsheng Stock Down 4.8%

The stock has a market cap of $16.59 billion, a P/E ratio of 4.46 and a beta of 0.28. The firm’s 50 day simple moving average is $4.32 and its two-hundred day simple moving average is $4.50.

China Minsheng (OTCMKTS:CMAKY) last posted its quarterly earnings results on Friday, August 28th. The company reported $0.21 earnings per share (EPS) for the quarter. China Minsheng had a net margin of 10.72% and a return on equity of 3.89%. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.23 billion. As a group, equities analysts predict that China Minsheng will post 0.97 EPS for the current year.

About China Minsheng

China Minsheng Banking Corp., Ltd., listed in the United States through its American depositary receipt program under the symbol CMAKY, is a Chinese commercial bank headquartered in Beijing. Established in 1996, it was founded as one of China’s first nationally operated commercial banks primarily established with non-state capital.

The bank provides a range of financial services to corporate, institutional and individual customers. Its activities include corporate and personal banking, deposits, lending, payments and settlement services, trade finance, credit cards, wealth management, investment banking and financial-market services.