Shares of China Minsheng (OTCMKTS:CMAKY – Get Free Report) rose 8.9% during mid-day trading on Wednesday . The stock traded as high as $4.40 and last traded at $4.40. Approximately 1,001 shares were traded during trading, a decline of 45% from the average daily volume of 1,806 shares. The stock had previously closed at $4.04.
China Minsheng Stock Performance
The stock has a 50 day moving average price of $4.25 and a 200 day moving average price of $4.59. The company has a market cap of $19.31 billion, a P/E ratio of 5.13 and a beta of 0.30.
About China Minsheng
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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