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Bank of China (OTCMKTS:BACHY) Shares Cross Below 200-Day Moving Average - Here's Why

Bank of China logo with Finance background

Key Points

  • Bank of China Ltd. (OTCMKTS:BACHY) shares have crossed below their 200-day moving average of $14.26, trading at $14.08 with a volume of 58,038 shares.
  • The company reported earnings of $0.62 per share for the previous quarter, missing the consensus estimate of $0.63 by $0.01, with total revenues of $19.64 billion.
  • Bank of China holds a market capitalization of $165.80 billion, a low debt-to-equity ratio of 0.01, and a price-to-earnings ratio of 5.42.
  • Interested in Bank of China? Here are five stocks we like better.

Bank of China Ltd. (OTCMKTS:BACHY - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.26 and traded as low as $14.08. Bank of China shares last traded at $14.08, with a volume of 58,038 shares trading hands.

Bank of China Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a 50 day moving average price of $13.81 and a two-hundred day moving average price of $14.26. The firm has a market capitalization of $165.80 billion, a price-to-earnings ratio of 5.42 and a beta of 0.18.

Bank of China (OTCMKTS:BACHY - Get Free Report) last released its earnings results on Friday, August 29th. The bank reported $0.62 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.01). Bank of China had a return on equity of 8.08% and a net margin of 19.11%.The company had revenue of $19.64 billion for the quarter, compared to analyst estimates of $140.98 billion.

Bank of China Company Profile

(Get Free Report)

Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other.

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