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China Minsheng (OTCMKTS:CMAKY) Shares Gap Up - Time to Buy?

China Minsheng logo with Finance background

Key Points

  • China Minsheng shares gapped up from a closing price of $5.31 to open at $5.55, with a trading volume of 128 shares.
  • The company announced a significant increase in its dividend, now set at $0.1341 per share, which reflects a remarkable yield of 579.0% compared to the previous dividend of $0.06.
  • In its latest quarterly earnings report, China Minsheng reported an EPS of $0.22 and revenues of $4.83 billion, exceeding estimates of $4.78 billion.
  • MarketBeat previews the top five stocks to own by November 1st.

China Minsheng (OTCMKTS:CMAKY - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $5.31, but opened at $5.55. China Minsheng shares last traded at $5.55, with a volume of 128 shares traded.

China Minsheng Price Performance

The company's fifty day moving average is $5.55 and its two-hundred day moving average is $5.30. 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 firm has a market cap of $24.30 billion, a price-to-earnings ratio of 6.03 and a beta of 0.30.

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 firm had revenue of $4.83 billion during the quarter, compared to the consensus estimate 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 business 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 represents a yield of 579.0%. This is a boost from China Minsheng's previous dividend of $0.06. China Minsheng's dividend payout ratio (DPR) is currently 28.26%.

China Minsheng Company Profile

(Get Free Report)

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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