China Minsheng (OTCMKTS:CMAKY) Shares Gap Up - Here's Why

Key Points

• China Minsheng's shares experienced a significant **gap up**, opening at **$5.50** after closing at **$5.10**.
• The company announced a **dividend** of **$0.0605** per share, yielding **362.0%**, with a payout ratio of **13.79%**.
• China Minsheng has a **market capitalization** of **$24.08 billion**, a PE ratio of **6.32**, and operates primarily in the **banking sector** in China.

China Minsheng (OTCMKTS:CMAKY - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $5.10, but opened at $5.50. China Minsheng shares last traded at $5.50, with a volume of 1,156 shares changing hands.

China Minsheng Price Performance

The firm's fifty day moving average price is $5.91 and its 200 day moving average price is $5.17. The stock has a market cap of $24.39 billion, a PE ratio of 6.05 and a beta of 0.35. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.43.

China Minsheng (OTCMKTS:CMAKY - Get Free Report) last released its quarterly earnings results on Friday, August 29th. The company reported $0.22 earnings per share for the quarter. The business had revenue of $4.83 billion during the quarter, compared to analysts' expectations 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 announced a dividend, which will be paid on Thursday, October 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.1341 per share. This represents a dividend yield of 579.0%. This is a boost from China Minsheng's previous dividend of $0.06. The ex-dividend date of this dividend is Friday, September 12th. China Minsheng's dividend payout ratio is 13.04%.

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.