China Minsheng (OTCMKTS:CMAKY) Shares Gap Down - Should You Sell?

Key Points

• China Minsheng's share price dropped from $5.29 to $4.80, marking a 9.3% decline before market opening, with only 226 shares traded.
• The company declared a dividend increase to $0.1341, reflecting a yield of 579.0% and a payout ratio of 29.35%.
• China Minsheng reported Q2 earnings of $0.22 per share, exceeding analyst expectations, with revenue of $4.83 billion against estimates of $4.78 billion.

China Minsheng (OTCMKTS:CMAKY - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $5.29, but opened at $4.80. China Minsheng shares last traded at $4.80, with a volume of 226 shares trading hands.

China Minsheng Trading Down 9.3%

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 50-day moving average of $5.92 and a 200 day moving average of $5.22. The company has a market cap of $21.02 billion, a P/E ratio of 5.22 and a beta of 0.35.

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 (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 company also recently declared a dividend, which will be paid on Thursday, October 30th. Shareholders of record on Monday, September 15th will be issued a $0.1341 dividend. The ex-dividend date is Friday, September 12th. This is an increase from China Minsheng's previous dividend of $0.06. This represents a yield of 579.0%. China Minsheng's dividend payout ratio is currently 29.35%.

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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