Bank of Communications (OTCMKTS:BCMXY) Shares Down 6.9% - Time to Sell?

Key Points

• Bank of Communications shares declined by 6.9% during trading, reaching a low of $20.59, as trading volume increased by 317% compared to the average.
• The bank reported $0.86 EPS for the last quarter, surpassing the consensus estimate of $0.77, though revenue fell short of expectations at $8.32 billion.
• The company's current ratio and quick ratio are both at 0.89, indicating potential liquidity issues alongside a high debt-to-equity ratio of 1.87.

Bank of Communications Co. (OTCMKTS:BCMXY - Get Free Report) was down 6.9% during trading on Friday . The stock traded as low as $20.59 and last traded at $20.59. Approximately 160 shares were traded during mid-day trading, an increase of 317% from the average daily volume of 38 shares. The stock had previously closed at $22.13.

Bank of Communications Price Performance

The firm has a 50 day moving average price of $22.45 and a 200 day moving average price of $21.41. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.87. The stock has a market cap of $61.17 billion, a P/E ratio of 5.00 and a beta of -0.09.

Bank of Communications (OTCMKTS:BCMXY - Get Free Report) last released its earnings results on Friday, August 29th. The bank reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.09. The firm had revenue of $8.32 billion during the quarter, compared to analysts' expectations of $62.52 billion. Bank of Communications had a return on equity of 8.15% and a net margin of 17.84%.

Bank of Communications Company Profile

Bank of Communications Co, Ltd. provides commercial banking products and services in China. The company offers savings deposit products, including demand deposits, lump-sum deposits and withdrawal, time deposit of small savings for lump-sum withdrawal, interest withdrawal on principal deposited, time-demand deposit, call deposit, swap management, and education deposit; personal certificate of deposit; salary financing A; and foreign currency deposit.

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