China Minsheng (OTCMKTS:CMAKY) Shares Gap Up – Still a Buy?

Shares of China Minsheng (OTCMKTS:CMAKY) gapped up before the market opened on Monday . The stock had previously closed at $4.41, but opened at $4.95. China Minsheng shares last traded at $4.88, with a volume of 1,151 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised China Minsheng from a “hold” rating to a “strong-buy” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company has a consensus rating of “Strong Buy”.

China Minsheng Stock Performance

The stock has a market cap of $20.57 billion, a PE ratio of 5.46 and a beta of 0.30. The business has a 50 day moving average price of $4.26 and a two-hundred day moving average price of $4.58.

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.