China Minsheng (OTCMKTS:CMAKY) Shares Gap Up - Still a Buy?

Key Points

• China Minsheng's shares gapped up 11.0% to $4.85 premarket after closing at $4.37, though trading volume was light at 515 shares.
• The stock sits just above its 50-day SMA ($4.77) but below its 200-day SMA ($5.00); market cap is about $21.2B with a P/E of 5.51 and a low beta (0.29).
• In the most recent quarter the bank reported $0.06 EPS on $4.03B revenue, with a net margin of 11.67% and ROE of 4.47%, and analysts expect roughly 0.91 EPS for the current fiscal year.

China Minsheng (OTCMKTS:CMAKY - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $4.37, but opened at $4.85. China Minsheng shares last traded at $4.85, with a volume of 515 shares traded.

China Minsheng Stock Up 11.0%

The company's 50-day simple moving average is $4.77 and its 200 day simple moving average is $5.00. The stock has a market capitalization of $21.23 billion, a price-to-earnings ratio of 5.51 and a beta of 0.29.

China Minsheng (OTCMKTS:CMAKY - Get Free Report) last issued its quarterly earnings data on Monday, March 30th. The company reported $0.06 earnings per share for the quarter. The business had revenue of $4.03 billion during the quarter. China Minsheng had a net margin of 11.67% and a return on equity of 4.47%. On average, equities analysts expect that China Minsheng will post 0.91 earnings per share for the current fiscal year.

China Minsheng Company Profile

China Minsheng Banking Corp., Ltd. OTCMKTS: CMAKY is a commercial bank that provides a broad range of banking and financial services to corporate and individual customers in the People's Republic of China. The bank's product suite encompasses corporate lending, small- and medium-sized enterprise (SME) finance, retail banking products such as deposits and consumer loans, as well as trade finance and cash-management services for businesses.

In addition to traditional lending and deposit-taking, China Minsheng offers treasury and capital markets services, wealth management and private banking solutions, and asset-management products.

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