Bank of China Ltd. (OTCMKTS:BACHY - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $14.46 and traded as high as $14.79. Bank of China shares last traded at $14.72, with a volume of 53,737 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Bank of America reiterated a "neutral" rating on shares of Bank of China in a research note on Thursday, March 27th.
Check Out Our Latest Report on BACHY
Bank of China Trading Down 1.4%
The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.85 and a current ratio of 0.85. The company has a 50 day moving average of $14.52 and a two-hundred day moving average of $13.83. The stock has a market cap of $174.49 billion, a PE ratio of 5.70 and a beta of 0.17.
Bank of China (OTCMKTS:BACHY - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The bank reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. Bank of China had a return on equity of 8.21% and a net margin of 18.97%. The firm had revenue of $22.70 billion during the quarter, compared to analyst estimates of $146.27 billion.
Bank of China Cuts Dividend
The company also recently disclosed a dividend, which was paid on Monday, June 9th. Investors of record on Thursday, April 24th were issued a $0.3063 dividend. This represents a yield of 9.32%. The ex-dividend date was Wednesday, April 23rd. Bank of China's payout ratio is 23.46%.
About Bank of China
(
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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