China Minsheng (OTCMKTS:CMAKY) Shares Gap Up – Still a Buy?

China Minsheng (OTCMKTS:CMAKY) gapped up prior to trading 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 trading hands.

Wall Street Analyst Weigh In

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

China Minsheng Price Performance

The firm has a market capitalization of $19.05 billion, a PE ratio of 5.12 and a beta of 0.25. The business’s 50-day moving average price is $4.44 and its 200-day moving average price is $4.43.

China Minsheng (OTCMKTS:CMAKY) last released its quarterly earnings results on Friday, August 28th. The company reported $0.21 EPS for the quarter. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.23 billion. China Minsheng had a net margin of 10.72% and a return on equity of 3.89%. Equities analysts forecast that China Minsheng will post 1.00 earnings per share for the current year.

China Minsheng Company Profile

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.