China Minsheng (OTCMKTS:CMAKY) Shares Gap Up - What's Next?

Shares of China Minsheng (OTCMKTS:CMAKY - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $6.38, but opened at $6.70. China Minsheng shares last traded at $6.70, with a volume of 338 shares traded.

China Minsheng Stock Performance

The stock's 50-day moving average price is $5.41 and its 200-day moving average price is $4.83. The company has a market cap of $27.75 billion, a P/E ratio of 7.29 and a beta of 0.31. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.89 and a quick ratio of 0.89.

China Minsheng Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, August 29th. Stockholders of record on Thursday, July 3rd will be paid a $0.0605 dividend. This represents a dividend yield of 3.62%. The ex-dividend date of this dividend is Wednesday, July 2nd. China Minsheng's dividend payout ratio is currently 13.79%.

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.