China Minsheng (OTCMKTS:CMAKY) Sets New 12-Month Low – What’s Next?

Shares of China Minsheng (OTCMKTS:CMAKY) hit a new 52-week low on Monday. The company traded as low as $3.82 and last traded at $3.98, with a volume of 1,820 shares traded. The stock had previously closed at $4.12.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded China Minsheng from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 11th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

China Minsheng Stock Performance

The stock has a market capitalization of $17.43 billion, a P/E ratio of 4.68 and a beta of 0.25. The stock’s fifty day simple moving average is $4.38 and its two-hundred day simple moving average is $4.39.

China Minsheng (OTCMKTS:CMAKY) last released its quarterly earnings results on Friday, August 28th. The company reported $0.21 earnings per share (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%. As a group, analysts expect 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.