Bank of China (OTCMKTS:BACHY) Shares Gap Down - Here's Why

Key Points

• Shares gapped down: Bank of China opened at $13.87 versus a prior close of $14.37 and last traded at $14.25 with a volume of 9,041 shares.
• Valuation and technicals: Market cap is $184.18 billion with a P/E of 5.56 and beta of 0.13; the 50-day and 200-day simple moving averages are $14.59 and $14.32, respectively.
• Company profile: Bank of China is a state-owned, Beijing-headquartered commercial bank—one of China’s “Big Four”—offering retail and corporate banking, trade finance, investment banking, and wealth management.

Bank of China Ltd. (OTCMKTS:BACHY - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $14.37, but opened at $13.87. Bank of China shares last traded at $14.25, with a volume of 9,041 shares changing hands.

Bank of China Stock Performance

The company has a market cap of $184.18 billion, a PE ratio of 5.56 and a beta of 0.13. The stock's 50 day simple moving average is $14.59 and its two-hundred day simple moving average is $14.32. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.02.

Bank of China Company Profile

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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