Bank of China (OTCMKTS:BACHY) Shares Cross Below 200-Day Moving Average – Here’s Why

Bank of China Ltd. (OTCMKTS:BACHYGet Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.26 and traded as low as $14.08. Bank of China shares last traded at $14.08, with a volume of 58,038 shares.

Bank of China Price Performance

The stock has a market capitalization of $165.80 billion, a price-to-earnings ratio of 5.42 and a beta of 0.18. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.84 and a current ratio of 0.84. The company has a 50 day moving average of $13.81 and a 200 day moving average of $14.26.

Bank of China (OTCMKTS:BACHYGet Free Report) last released its earnings results on Friday, August 29th. The bank reported $0.62 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.01). The company had revenue of $19.64 billion for the quarter, compared to analyst estimates of $140.98 billion. Bank of China had a return on equity of 8.08% and a net margin of 19.11%.

About Bank of China

(Get Free Report)

Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other.

Featured Stories

Receive News & Ratings for Bank of China Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of China and related companies with MarketBeat.com's FREE daily email newsletter.