Bank of Communications (OTCMKTS:BCMXY) Stock Price Down 6.1% - Time to Sell?

Key Points

• Bank of Communications' share price dropped by 6.1%, closing at $22.50, with trading volume increasing significantly to approximately 165 shares.
• The company's market capitalization stands at $66.84 billion, featuring a low P/E ratio of 5.60 and a debt-to-equity ratio of 1.87.
• Bank of Communications provides a range of commercial banking products and services in China, including various types of deposit accounts and foreign currency deposits.

Bank of Communications Co. (OTCMKTS:BCMXY - Get Free Report) shares traded down 6.1% during trading on Wednesday . The stock traded as low as $22.50 and last traded at $22.50. 165 shares traded hands during mid-day trading, an increase of 197% from the average session volume of 56 shares. The stock had previously closed at $23.95.

Bank of Communications Price Performance

The firm's 50-day simple moving average is $21.34 and its 200 day simple moving average is $21.12. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $66.84 billion, a P/E ratio of 5.60 and a beta of -0.11.

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.