China Minsheng Banking (OTCMKTS:CMAKY) Shares Down 7.8%

China Minsheng Banking Corp., Ltd. (OTCMKTS:CMAKY)’s share price was down 7.8% during mid-day trading on Thursday . The stock traded as low as $3.30 and last traded at $3.30. Approximately 462 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 2,002 shares. The stock had previously closed at $3.58.

China Minsheng Banking Price Performance

The firm’s fifty day moving average price is $3.63 and its 200-day moving average price is $3.49. The firm has a market capitalization of $14.45 billion, a P/E ratio of 3.58 and a beta of 0.26.

China Minsheng Banking (OTCMKTS:CMAKY) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.43 earnings per share (EPS) for the quarter. The company had revenue of $4.79 billion during the quarter.

China Minsheng Banking Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, August 19th. Investors of record on Tuesday, July 2nd will be issued a dividend of $0.2185 per share. The ex-dividend date is Tuesday, July 2nd.

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.