China Minsheng (OTCMKTS:CMAKY – Get Free Report) reached a new 52-week low during mid-day trading on Monday. The company traded as low as $3.82 and last traded at $3.98, with a volume of 1,820 shares trading hands. The stock had previously closed at $4.12.
Analyst Ratings Changes
Separately, Zacks Research lowered shares of China Minsheng from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 11th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.
Check Out Our Latest Report on China Minsheng
China Minsheng Price Performance
The company has a market cap of $17.43 billion, a price-to-earnings ratio of 4.68 and a beta of 0.25. The business has a 50 day simple moving average of $4.41 and a 200 day simple moving average of $4.41.
China Minsheng (OTCMKTS:CMAKY – Get Free Report) last announced 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 analysts’ expectations of $5.23 billion. As a group, sell-side analysts anticipate that China Minsheng will post 1.00 earnings per share for the current fiscal year.
China Minsheng Company Profile
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.
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