China Minsheng (OTCMKTS:CMAKY) Stock Price Up 17% – Time to Buy?

by · The Markets Daily

China Minsheng (OTCMKTS:CMAKY – Get Free Report) shares shot up 17% during trading on Friday . The company traded as high as $5.65 and last traded at $5.65. 526 shares were traded during trading, a decline of 71% from the average session volume of 1,827 shares. The stock had previously closed at $4.83.

Analyst Upgrades and Downgrades

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, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Get Our Latest Analysis on China Minsheng

China Minsheng Price Performance

The company has a 50 day moving average of $5.35 and a two-hundred day moving average of $5.56. The firm has a market cap of $24.74 billion, a P/E ratio of 6.42 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.

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

About China Minsheng

(Get Free Report)

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.

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