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China Minsheng (OTCMKTS:CMAKY) Shares Down 2.7% - Time to Sell?

China Minsheng logo with Finance background

Key Points

  • China Minsheng's shares declined by 2.7% on Tuesday, trading at $5.26 with a notable drop in volume, down 67% from the average.
  • The company recently reported earnings of $0.22 per share, beating analyst expectations with a revenue of $4.83 billion for the quarter.
  • China Minsheng increased its dividend to $0.1341 per share, significantly up from the previous $0.06, indicating a high dividend yield of 579.0%.
  • Five stocks to consider instead of China Minsheng.

China Minsheng (OTCMKTS:CMAKY - Get Free Report)'s share price was down 2.7% on Tuesday . The company traded as low as $5.26 and last traded at $5.26. 207 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 624 shares. The stock had previously closed at $5.40.

China Minsheng Price Performance

The firm has a market cap of $23.01 billion, a P/E ratio of 5.71 and a beta of 0.35. The business's fifty day simple moving average is $5.80 and its 200-day simple moving average is $5.25. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.43.

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

China Minsheng Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, October 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.1341 per share. This is a boost from China Minsheng's previous dividend of $0.06. This represents a dividend yield of 579.0%. The ex-dividend date is Friday, September 12th. China Minsheng's dividend payout ratio (DPR) is currently 29.35%.

China Minsheng Company Profile

(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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