Bank of Communications (OTCMKTS:BCMXY) Shares Gap Down - Here's What Happened

Key Points

• Bank of Communications shares experienced a significant gap down, opening at $22.50 compared to the previous close of $23.95.
• The company has a market capitalization of $66.84 billion and notable financial metrics, including a PE ratio of 5.60 and a debt-to-equity ratio of 1.87.
• Bank of Communications Co., Ltd. provides various commercial banking products and services primarily in China, catering to both personal and commercial banking needs.

Shares of Bank of Communications Co. (OTCMKTS:BCMXY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $23.95, but opened at $22.50. Bank of Communications shares last traded at $22.50, with a volume of 165 shares trading hands.

Bank of Communications Price Performance

The business has a fifty day moving average of $21.34 and a two-hundred day moving average of $21.12. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.87. The company has a market cap of $66.84 billion, a price-to-earnings ratio of 5.60 and a beta of -0.11.

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.