China Minsheng (OTCMKTS:CMAKY) Sets New 52-Week Low – What’s Next?

China Minsheng (OTCMKTS:CMAKY)’s share price hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $3.78 and last traded at $3.78, with a volume of 2,116 shares traded. The stock had previously closed at $3.79.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded China Minsheng from a “hold” rating to a “strong sell” rating in a report on Friday, October 23rd. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

China Minsheng Price Performance

The company has a market capitalization of $16.55 billion, a P/E ratio of 4.91 and a beta of 0.28. The firm’s 50-day moving average is $4.25 and its 200-day moving average is $4.47.

China Minsheng (OTCMKTS:CMAKY) last announced its quarterly earnings data on Friday, October 30th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.67 billion. China Minsheng had a return on equity of 3.89% and a net margin of 9.96%. As a group, analysts forecast that China Minsheng will post 0.97 EPS for the current fiscal year.

About China Minsheng

China Minsheng Banking Corp., Ltd. is a commercial bank headquartered in Beijing, China. Established in 1996, it was founded primarily with non-state capital and became one of China’s first national commercial banks of this kind. The bank provides financial services to individuals, businesses and institutions, including deposits, loans, payment and settlement services, wealth management, trade finance and bank-card services. It also offers corporate banking and financing solutions for companies, including small and midsized businesses.