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

China Minsheng (OTCMKTS:CMAKY) gapped down prior to trading on Monday. The stock had previously closed at $4.0880, but opened at $3.79. China Minsheng shares last traded at $3.79, with a volume of 150 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of China Minsheng from a “hold” rating to a “strong sell” rating in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

China Minsheng Price Performance

The business has a 50 day simple moving average of $4.30 and a 200 day simple moving average of $4.49. The company has a market capitalization of $16.59 billion, a PE ratio of 4.92 and a beta of 0.28.

China Minsheng (OTCMKTS:CMAKY) last issued its quarterly earnings results on Friday, October 30th. The company reported $0.12 EPS for the quarter. China Minsheng had a return on equity of 3.89% and a net margin of 9.96%. The company had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.67 billion. Equities analysts expect that China Minsheng will post 0.97 EPS 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.