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

China Minsheng (OTCMKTS:CMAKY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $5.1950, but opened at $5.5548. China Minsheng shares last traded at $5.5548, with a volume of 154 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised China Minsheng from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, China Minsheng currently has an average rating of “Hold”.

China Minsheng Price Performance

The firm has a market capitalization of $24.32 billion, a P/E ratio of 6.31 and a beta of 0.25. The company has a quick ratio of 0.89, a current ratio of 0.87 and a debt-to-equity ratio of 1.24. The business’s 50 day moving average is $5.35 and its 200-day moving average is $5.56.

China Minsheng (OTCMKTS:CMAKY) last issued its earnings results on Friday, October 31st. The company reported $0.20 earnings per share for the quarter. China Minsheng had a return on equity of 4.49% and a net margin of 11.27%.The firm had revenue of $5.05 billion for the quarter.

China Minsheng Company Profile

China Minsheng Banking Corp., Ltd. provides banking products and services for individuals, small and micro-enterprises, corporate customers, government agencies, and financial institutions in the People's Republic of China. The company operates through Corporate Banking, Retail Banking, and Others segments.