China Minsheng (OTCMKTS:CMAKY) Stock Price Up 17% – Here’s What Happened

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

Wall Street Analyst Weigh In

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

China Minsheng Price Performance

The company has a market capitalization of $24.74 billion, a price-to-earnings ratio of 6.42 and a beta of 0.25. The company has a current ratio of 0.87, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The company has a 50 day moving average price of $5.35 and a 200 day moving average price of $5.57.

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

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.