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Bank of China (OTCMKTS:BACHY) Sets New 1-Year High - Here's Why

Bank of China logo with Finance background
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Key Points

  • 52-week high: Bank of China (OTCMKTS:BACHY) hit a new 52-week high of $16.68 Wednesday and last traded at $16.35 on volume of 5,684 shares, after a prior close of $16.14 despite a slight 0.1% intraday dip.
  • Valuation and momentum: The stock has a market cap of $210.6B, a low PE ratio of 6.43 and very low beta (0.07), with the 50-day moving average ($15.06) above the 200-day ($14.58), indicating recent upward momentum and low volatility.
  • MarketBeat previews top five stocks to own in May.

Shares of Bank of China Ltd. (OTCMKTS:BACHY - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $16.68 and last traded at $16.35, with a volume of 5684 shares. The stock had previously closed at $16.14.

Bank of China Trading Down 0.1%

The stock has a market cap of $210.60 billion, a PE ratio of 6.43 and a beta of 0.07. The business's fifty day moving average is $15.06 and its 200 day moving average is $14.58. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.02.

About Bank of China

(Get Free Report)

Bank of China OTCMKTS: BACHY is a major state-owned commercial bank headquartered in Beijing that provides a broad range of banking and financial services to corporate, institutional and retail clients. Founded in 1912, the bank has grown into one of China's largest and longest-established banking institutions and is commonly grouped with the nation's “Big Four” banks. Its core activities include deposit-taking, corporate and retail lending, trade finance, foreign exchange and treasury services, as well as cash management and payment services for domestic and cross-border clients.

In addition to traditional commercial banking, Bank of China offers investment banking and capital markets services, structured finance, asset management and wealth management solutions.

Further Reading

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