China Minsheng (OTCMKTS:CMAKY) Stock Price Down 8% – Time to Sell?

Shares of China Minsheng (OTCMKTS:CMAKY) fell 8% on Monday. The stock traded as low as $4.21 and last traded at $4.2759. 2,228 shares were traded during trading, a decline of 6% from the average session volume of 2,382 shares. The stock had previously closed at $4.65.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of China Minsheng from a “strong-buy” rating to a “hold” rating in a report on Friday, September 11th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

China Minsheng Stock Up 2.6%

The company’s fifty day moving average is $4.46 and its two-hundred day moving average is $4.46. The stock has a market cap of $18.96 billion, a price-to-earnings ratio of 5.09 and a beta of 0.29.

China Minsheng (OTCMKTS:CMAKY) last posted its quarterly earnings results on Friday, August 28th. The company reported $0.21 EPS for the quarter. China Minsheng had a net margin of 10.72% and a return on equity of 3.89%. The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Sell-side analysts predict that China Minsheng will post 1 EPS for the current fiscal year.

About China Minsheng

China Minsheng Banking Corp., Ltd. is a commercial bank headquartered in Beijing, China. The company provides banking and financial services to corporate, institutional and individual customers, with a particular historical focus on serving privately owned businesses and small and medium-sized enterprises.

Its offerings include corporate and personal deposits and loans, trade finance, settlement services, credit cards, wealth management, investment banking, asset management and treasury services.