China Minsheng (OTCMKTS:CMAKY) Shares Gap Down – Here’s What Happened

China Minsheng (OTCMKTS:CMAKYGet Free Report) gapped down prior to trading on Friday . The stock had previously closed at $5.93, but opened at $5.44. China Minsheng shares last traded at $5.44, with a volume of 129 shares.

China Minsheng Stock Performance

The stock has a market cap of $25.13 billion, a PE ratio of 6.60 and a beta of 0.33. The stock has a fifty day simple moving average of $5.97 and a two-hundred day simple moving average of $5.10. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.89 and a current ratio of 0.89.

China Minsheng Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 29th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.0605 per share. This represents a dividend yield of 362.0%. The ex-dividend date is Wednesday, July 2nd. China Minsheng’s dividend payout ratio is 13.79%.

China Minsheng Company Profile

(Get Free Report)

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.

Further Reading

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