Zacks Research upgraded shares of China Minsheng (OTCMKTS:CMAKY – Free Report) from a hold rating to a strong-buy rating in a report published on Thursday morning,Zacks.com reports.
China Minsheng Stock Performance
Shares of China Minsheng stock opened at $4.78 on Thursday. China Minsheng has a one year low of $3.91 and a one year high of $6.67. The company has a market cap of $20.93 billion, a price-to-earnings ratio of 5.56 and a beta of 0.30. The business’s 50 day moving average price is $4.26 and its 200 day moving average price is $4.59.
About China Minsheng
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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