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

Shares of China Minsheng (OTCMKTS:CMAKY) gapped up before the market opened on Thursday . The stock had previously closed at $4.37, but opened at $4.94. China Minsheng shares last traded at $4.94, with a volume of 108 shares changing hands.

China Minsheng Stock Performance

The firm has a market capitalization of $21.63 billion, a price-to-earnings ratio of 5.61 and a beta of 0.32. The company has a 50-day moving average of $4.77 and a 200-day moving average of $4.98.

China Minsheng (OTCMKTS:CMAKY) last posted its quarterly earnings results on Monday, March 30th. The company reported $0.06 earnings per share for the quarter. The firm had revenue of $4.03 billion during the quarter. China Minsheng had a return on equity of 4.47% and a net margin of 11.67%. On average, research analysts forecast that China Minsheng will post 0.91 earnings per share for the current year.

About China Minsheng

China Minsheng Banking Corp., Ltd. (OTCMKTS: CMAKY) is a commercial bank that provides a broad range of banking and financial services to corporate and individual customers in the People’s Republic of China. The bank’s product suite encompasses corporate lending, small- and medium-sized enterprise (SME) finance, retail banking products such as deposits and consumer loans, as well as trade finance and cash-management services for businesses.

In addition to traditional lending and deposit-taking, China Minsheng offers treasury and capital markets services, wealth management and private banking solutions, and asset-management products.