China Minsheng (OTCMKTS:CMAKY) Downgraded to "Strong Sell" Rating by Zacks Research

Key Points

• China Minsheng was downgraded from a "hold" rating to a "strong sell" rating by Zacks Research, indicating a significant shift in analyst sentiment.
• The company's stock has experienced variability, with a 52-week low of $3.68 and a high of $6.72, opening at $5.55.
• Despite the downgrade, China Minsheng reported an earnings per share (EPS) of $0.22, with revenue exceeding analyst estimates at $4.83 billion.

China Minsheng (OTCMKTS:CMAKY - Get Free Report) was downgraded by stock analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued to investors on Thursday,Zacks.com reports.

China Minsheng Stock Performance

CMAKY opened at $5.55 on Thursday. China Minsheng has a 52 week low of $3.68 and a 52 week high of $6.72. The business has a fifty day simple moving average of $5.53 and a 200-day simple moving average of $5.31. The firm has a market cap of $24.30 billion, a P/E ratio of 6.03 and a beta of 0.30. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.43.

China Minsheng (OTCMKTS:CMAKY - Get Free Report) last released its earnings results on Friday, August 29th. The company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. China Minsheng had a return on equity of 4.72% and a net margin of 11.62%.

China Minsheng Company Profile

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.

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