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CHINA MINSHENG (OTCMKTS:CMAKY) Sees Strong Trading Volume - What's Next?

China Minsheng logo with Finance background

Key Points

  • China Minsheng's shares experienced a 195% increase in trading volume, with approximately 5,049 shares traded, reflecting a significant rise from the previous session's volume.
  • The bank reported a quarterly EPS of $0.22 with revenue exceeding analyst expectations at $4.83 billion, marking a net margin of 11.62%.
  • The company announced a substantial dividend increase, paying $0.1341 per share on October 30th, up from $0.06 previously, which reflects a remarkable 579.0% yield.
  • Five stocks we like better than China Minsheng.

CHINA MINSHENG (OTCMKTS:CMAKY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 5,049 shares were traded during trading, an increase of 195% from the previous session's volume of 1,713 shares.The stock last traded at $5.76 and had previously closed at $5.57.

CHINA MINSHENG Stock Performance

The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.43. The firm has a fifty day moving average price of $5.87 and a 200 day moving average price of $5.22. The firm has a market cap of $23.64 billion, a PE ratio of 5.87 and a beta of 0.35.

CHINA MINSHENG (OTCMKTS:CMAKY - Get Free Report) last posted its quarterly earnings results on Friday, August 29th. The company reported $0.22 EPS for the quarter. The business had revenue of $4.83 billion for 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 Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, October 30th. Stockholders of record on Monday, September 15th will be paid a $0.1341 dividend. The ex-dividend date of this dividend is Friday, September 12th. This is a positive change from CHINA MINSHENG's previous dividend of $0.06. This represents a dividend yield of 579.0%. CHINA MINSHENG's payout ratio is 29.35%.

About CHINA MINSHENG

(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.

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