China Minsheng (OTCMKTS:CMAKY) Shares Gap Up – Time to Buy?

China Minsheng (OTCMKTS:CMAKY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $5.18, but opened at $5.86. China Minsheng shares last traded at $5.86, with a volume of 1,110 shares changing hands.

Analysts Set New Price Targets

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

China Minsheng Price Performance

The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $25.66 billion, a PE ratio of 6.37 and a beta of 0.28. The stock has a 50-day moving average price of $5.33 and a 200 day moving average price of $5.45.

China Minsheng (OTCMKTS:CMAKY) last announced its earnings results on Friday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter. China Minsheng had a return on equity of 4.72% and a net margin of 11.62%.The firm had revenue of $5.05 billion for the quarter.

China Minsheng Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, October 30th. Stockholders of record on Monday, September 15th were given a $0.1341 dividend. This represents a dividend yield of 579.0%. This is a positive change from China Minsheng’s previous dividend of $0.06. The ex-dividend date was Friday, September 12th. China Minsheng’s dividend payout ratio (DPR) is 29.55%.

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.