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

Key Points

• China Minsheng's stock price fell from $5.17 to $4.82, marking a significant gap down prior to Monday's trading.
• The company recently announced a dividend of $0.1341, significantly up from the previous dividend of $0.06, leading to a dividend yield of 579.0%.
• China Minsheng reported quarterly earnings that exceeded consensus estimates, with a revenue of $4.83 billion and an EPS of $0.22.

China Minsheng (OTCMKTS:CMAKY - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $5.17, but opened at $4.82. China Minsheng shares last traded at $4.82, with a volume of 126 shares changing hands.

China Minsheng Stock Performance

The stock's 50-day simple moving average is $5.74 and its 200 day simple moving average is $5.28. 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 company has a market capitalization of $21.10 billion, a PE ratio of 5.24 and a beta of 0.35.

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

China Minsheng Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, October 30th. Investors of record on Monday, September 15th will be given a $0.1341 dividend. This is a positive change from China Minsheng's previous dividend of $0.06. The ex-dividend date of this dividend is Friday, September 12th. This represents a dividend yield of 579.0%. China Minsheng's payout ratio is 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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