Bank of China (OTCMKTS:BACHY) Sets New 12-Month High - Should You Buy?

Key Points

• Shares hit a new 52-week high: Bank of China (OTCMKTS:BACHY) traded as high as $15.6920 and last at $15.5450 on volume of 11,861 shares, about a 1.5% rise from the prior close of $15.34.
• The stock is trading above its 50‑day ($14.71) and 200‑day ($14.40) moving averages, indicating recent technical strength.
• Valuation and profile: the bank has a market cap of $200.7 billion, a low P/E of 6.06 and minimal leverage (debt-to-equity 0.02), and is one of China’s state-owned “Big Four” commercial banks offering broad banking and capital markets services.

Shares of Bank of China Ltd. (OTCMKTS:BACHY - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $15.6920 and last traded at $15.5450, with a volume of 11861 shares traded. The stock had previously closed at $15.34.

Bank of China Stock Up 1.5%

The company has a 50-day moving average of $14.71 and a 200-day moving average of $14.40. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $200.70 billion, a price-to-earnings ratio of 6.06 and a beta of 0.13.

About Bank of China

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.

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