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China Minsheng (OTCMKTS:CMAKY) Shares Down 11.2% - Here's What Happened

China Minsheng logo with Finance background

China Minsheng (OTCMKTS:CMAKY - Get Free Report)'s share price dropped 11.2% during mid-day trading on Wednesday . The company traded as low as $5.13 and last traded at $5.13. Approximately 416 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 2,093 shares. The stock had previously closed at $5.78.

China Minsheng Stock Down 11.2%

The business's 50 day moving average price is $4.96 and its 200-day moving average price is $4.62. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $22.46 billion, a PE ratio of 5.90 and a beta of 0.30.

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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