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Bank of China (OTCMKTS:BACHY) Stock Passes Below Two Hundred Day Moving Average - Should You Sell?

Bank of China logo with Finance background

Key Points

  • Bank of China Ltd. (OTCMKTS:BACHY) saw its stock price drop below its 200-day moving average of $14.43, trading as low as $14.22 recently.
  • The company reported earnings per share of $0.62 for its last quarter, missing estimates by $0.01, with a revenue of $19.64 billion compared to a consensus of $140.98 billion.
  • Bank of China's current market capitalization is approximately $167.57 billion, and it has a low debt-to-equity ratio of 0.01.
  • Five stocks to consider instead of Bank of China.

Shares of 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 $14.43 and traded as low as $14.22. Bank of China shares last traded at $14.23, with a volume of 48,314 shares traded.

Bank of China Stock Performance

The company has a market cap of $165.15 billion, a P/E ratio of 5.39 and a beta of 0.20. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average price of $14.36 and a 200-day moving average price of $14.43.

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

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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