China Minsheng (OTCMKTS:CMAKY) Shares Gap Down – Time to Sell?

China Minsheng (OTCMKTS:CMAKY)’s stock price 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 changing hands.

Analysts Set New Price Targets

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

China Minsheng Trading Down 4.8%

The business has a 50 day simple moving average of $4.32 and a two-hundred day simple moving average of $4.50. The stock has a market cap of $16.59 billion, a price-to-earnings ratio of 4.46 and a beta of 0.28.

China Minsheng (OTCMKTS:CMAKY) last released its earnings results on Friday, August 28th. The company reported $0.21 EPS for the quarter. China Minsheng had a return on equity of 3.89% and a net margin of 10.72%. The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Research analysts anticipate 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.