China Minsheng (OTCMKTS:CMAKY) Shares Gap Down - Here's Why

Key Points

• China Minsheng shares gapped down significantly, opening at $5.44, down from a previous close of $5.93, with only 129 shares traded.
• The company announced a dividend of $0.0605 per share, yielding an impressive 362.0% with a current dividend payout ratio of 13.79%.
• China Minsheng has a market capitalization of $25.13 billion, a price-to-earnings ratio of 6.60, and maintains a debt-to-equity ratio of 1.43.

China Minsheng (OTCMKTS:CMAKY - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $5.93, but opened at $5.44. China Minsheng shares last traded at $5.44, with a volume of 129 shares trading hands.

China Minsheng Stock Performance

The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.43. The firm has a 50-day moving average of $6.00 and a 200 day moving average of $5.12. The stock has a market capitalization of $25.46 billion, a P/E ratio of 6.68 and a beta of 0.33.

China Minsheng Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 29th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.0605 per share. This represents a dividend yield of 362.0%. The ex-dividend date is Wednesday, July 2nd. China Minsheng's payout ratio is 13.79%.

About China Minsheng

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.