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

Shares of China Minsheng (OTCMKTS:CMAKY – Get Free Report) gapped down before the market opened on Friday. The stock had previously closed at $4.3850, but opened at $4.12. China Minsheng shares last traded at $4.12, with a volume of 172 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research cut shares of China Minsheng from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

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Check Out Our Latest Analysis on CMAKY

China Minsheng Price Performance

The company has a 50-day moving average price of $4.45 and a 200 day moving average price of $4.43. The firm has a market capitalization of $18.04 billion, a PE ratio of 4.85 and a beta of 0.25.

China Minsheng (OTCMKTS:CMAKY – Get Free Report) last released its quarterly earnings data on Friday, August 28th. The company reported $0.21 earnings per share for the quarter. China Minsheng had a return on equity of 3.89% and a net margin of 10.72%.The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.23 billion. As a group, research analysts anticipate that China Minsheng will post 1 earnings per share for the current year.

China Minsheng Company Profile

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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.

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