Banco Comercial Portugues (OTCMKTS:BPCGY) Stock Price Up 18.6% - Time to Buy?

Key Points

• Banco Comercial Portugues's stock surged 18.6%, reaching a last traded price of $8.78, with trading volume increasing dramatically by 8,957% compared to its average.
• The company announced a dividend of $0.03 per share, yielding approximately 434.0%, paid to shareholders recorded on June 19th.
• Banco Comercial Portugues maintains solid financial ratios with a quick and current ratio of 1.17 and a debt-to-equity ratio of 0.60.

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY - Get Free Report)'s stock price rose 18.6% on Thursday . The company traded as high as $8.78 and last traded at $8.78. Approximately 1,200 shares changed hands during trading, an increase of 8,957% from the average daily volume of 13 shares. The stock had previously closed at $7.40.

Banco Comercial Portugues Price Performance

The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17. The stock's 50-day moving average is $7.47 and its two-hundred day moving average is $6.61.

Banco Comercial Portugues Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, June 20th. Investors of record on Thursday, June 19th were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, June 18th. This represents a dividend yield of 434.0%.

About Banco Comercial Portugues

Banco Comercial Português, SA, a private sector bank, engages in the provision of various banking and financial products and services in Portugal and internationally. It operates through Retail Banking; Companies, Corporate & Investment Banking; Private Banking; Foreign Business; and Other segments.