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

China Minsheng (OTCMKTS:CMAKY) gapped up before the market opened on Thursday. The stock had previously closed at $4.22, but opened at $4.41. China Minsheng shares last traded at $4.41, with a volume of 378 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of China Minsheng from a “strong-buy” rating to a “hold” rating in a report on Friday, September 11th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

China Minsheng Stock Up 1.8%

The firm has a market capitalization of $19.31 billion, a P/E ratio of 5.19 and a beta of 0.25. The stock has a fifty day simple moving average of $4.46 and a 200 day simple moving average of $4.44.

China Minsheng (OTCMKTS:CMAKY) last announced its quarterly earnings data 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 business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.23 billion. Research analysts anticipate that China Minsheng will post 1 earnings per share for the current fiscal year.

About China Minsheng

China Minsheng Banking Corp., Ltd. is a commercial bank headquartered in Beijing, China. The company provides banking and financial services to corporate, institutional and individual customers, with a particular historical focus on serving privately owned businesses and small and medium-sized enterprises.

Its offerings include corporate and personal deposits and loans, trade finance, settlement services, credit cards, wealth management, investment banking, asset management and treasury services.