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Bank of Communications (OTCMKTS:BCMXY) Shares Gap Down - What's Next?

Bank of Communications logo with Finance background

Key Points

  • Bank of Communications shares experienced a gap down, opening at $21.25 after closing at $22.13, with a trading volume of 911 shares.
  • The bank reported a quarterly earnings per share (EPS) of $0.86, exceeding the consensus estimate of $0.77.
  • Bank of Communications has a market capitalization of $63.12 billion and a price-to-earnings ratio of 5.16.
  • MarketBeat previews top five stocks to own in November.

Bank of Communications Co. (OTCMKTS:BCMXY - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $22.13, but opened at $21.25. Bank of Communications shares last traded at $21.25, with a volume of 911 shares traded.

Bank of Communications Stock Performance

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 50 day simple moving average of $21.75 and a 200 day simple moving average of $21.34. The company has a market cap of $63.12 billion, a price-to-earnings ratio of 5.16 and a beta of -0.16.

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

About Bank of Communications

(Get Free Report)

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.

Further Reading

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