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

China Minsheng (OTCMKTS:CMAKY) gapped up before the market opened on Wednesday . The stock had previously closed at $4.4052, but opened at $4.78. China Minsheng shares last traded at $4.78, with a volume of 1,755 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of China Minsheng from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

China Minsheng Stock Performance

The company has a market cap of $19.26 billion, a P/E ratio of 5.12 and a beta of 0.30. The stock has a 50 day moving average price of $4.31 and a 200 day moving average price of $4.53.

About China Minsheng

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.