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Bank of China (OTCMKTS:BACHY) Share Price Passes Above 50 Day Moving Average - Should You Sell?

Bank of China logo with Finance background

Key Points

  • Bank of China shares surpassed their 50-day moving average, reaching a high of $14.78 during trading, while last trading at $14.74.
  • The bank reported an earnings per share (EPS) of $0.62 for the last quarter, meeting analyst expectations, with revenues of $22.70 billion significantly below predictions.
  • Bank of China boasts a market capitalization of $173.57 billion and a low debt-to-equity ratio of 0.01, indicating strong financial stability.
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Bank of China Ltd. (OTCMKTS:BACHY - Get Free Report)'s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $14.74 and traded as high as $14.78. Bank of China shares last traded at $14.74, with a volume of 25,892 shares trading hands.

Bank of China Trading Down 0.1%

The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $14.71 and a 200-day simple moving average of $14.21. The company has a market capitalization of $168.27 billion, a PE ratio of 5.50 and a beta of 0.16.

Bank of China (OTCMKTS:BACHY - Get Free Report) last issued its earnings results on Tuesday, April 29th. The bank reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. The company had revenue of $22.70 billion during the quarter, compared to analysts' expectations of $146.27 billion. Bank of China had a return on equity of 8.17% and a net margin of 18.97%.

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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