China Minsheng (OTCMKTS:CMAKY) Shares Gap Up – What’s Next?

China Minsheng (OTCMKTS:CMAKY)’s share price gapped up before the market opened 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 trading hands.

Analyst Ratings Changes

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

China Minsheng Price Performance

The stock’s fifty day simple moving average is $5.33 and its 200 day simple moving average is $5.47. The firm has a market capitalization of $23.91 billion, a P/E ratio of 5.93 and a beta of 0.28. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.89 and a quick ratio of 0.89.

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

China Minsheng Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, October 30th. Investors of record on Monday, September 15th were issued a dividend of $0.1341 per share. This represents a dividend yield of 579.0%. This is a boost from China Minsheng’s previous dividend of $0.06. The ex-dividend date of this dividend was Friday, September 12th. China Minsheng’s dividend payout ratio 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.