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

China Minsheng (OTCMKTS:CMAKY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $4.82, but opened at $5.22. China Minsheng shares last traded at $5.22, with a volume of 192 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of China Minsheng from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, China Minsheng currently has an average rating of “Hold”.

China Minsheng Trading Up 8.3%

The stock’s 50 day moving average price is $4.86 and its 200 day moving average price is $5.25. The company has a market capitalization of $22.85 billion, a price-to-earnings ratio of 5.93 and a beta of 0.26.

China Minsheng Company Profile

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.