China Minsheng (OTCMKTS:CMAKY) Shares Gap Up – Should You Buy?

China Minsheng (OTCMKTS:CMAKY) gapped up before the market opened on Thursday . The stock had previously closed at $4.23, but opened at $4.62. China Minsheng shares last traded at $4.62, with a volume of 100 shares.

Analysts Set New Price Targets

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

China Minsheng Stock Up 11.3%

The stock has a market capitalization of $20.23 billion, a price-to-earnings ratio of 5.37 and a beta of 0.29. The company has a 50 day simple moving average of $4.31 and a 200-day simple moving average of $4.51.

China Minsheng Company Profile

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.