China Minsheng Banking (OTCMKTS:CMAKY) Stock Price Up 2.7% – Here’s What Happened

Shares of China Minsheng Banking Corp., Ltd. (OTCMKTS:CMAKY) rose 2.7% on Tuesday . The stock traded as high as $4.01 and last traded at $3.99. Approximately 4,717 shares were traded during mid-day trading, an increase of 105% from the average daily volume of 2,300 shares. The stock had previously closed at $3.89.

China Minsheng Banking Stock Performance

The company has a market capitalization of $17.46 billion, a P/E ratio of 4.38 and a beta of 0.25. The firm has a 50 day moving average price of $3.89 and a two-hundred day moving average price of $3.67.

China Minsheng Banking (OTCMKTS:CMAKY) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.17 EPS for the quarter. The business had revenue of $5.03 billion for the quarter. China Minsheng Banking had a return on equity of 5.47% and a net margin of 11.39%.

China Minsheng Banking Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 17th. Investors of record on Wednesday, October 30th will be paid a dividend of $0.1278 per share. The ex-dividend date is Wednesday, October 30th. China Minsheng Banking’s payout ratio is presently 27.47%.

About China Minsheng Banking

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.