Bank of Communications (OTCMKTS:BCMXY) Stock Passes Below 50-Day Moving Average - Here's What Happened

Key Points

• Bank of Communications shares fell below their fifty-day moving average of $21.72, trading as low as $21.25 during Thursday's trading session.
• The company reported earnings of $0.86 per share for the last quarter, exceeding expectations of $0.77 per share, and had revenue of $8.32 billion, significantly under analyst estimates.
• Bank of Communications has a market capitalization of $63.12 billion and financial metrics include a debt-to-equity ratio of 1.87 and a PE ratio of 5.16.

Shares of Bank of Communications Co. (OTCMKTS:BCMXY - Get Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $21.72 and traded as low as $21.25. Bank of Communications shares last traded at $21.25, with a volume of 912 shares traded.

Bank of Communications Trading Up 3.2%

The company has a debt-to-equity ratio of 1.87, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $63.12 billion, a PE ratio of 5.16 and a beta of -0.16. The company's 50 day simple moving average is $21.72 and its two-hundred day simple moving average is $21.34.

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

About Bank of Communications

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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