Bank Hapoalim (OTCMKTS:BKHYY) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Shares of Bank Hapoalim (OTCMKTS:BKHYYGet Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $125.13 and traded as low as $116.75. Bank Hapoalim shares last traded at $118.58, with a volume of 25,319 shares changing hands.

Bank Hapoalim Price Performance

The company’s 50-day simple moving average is $121.04 and its 200 day simple moving average is $125.14. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $31.05 billion, a price-to-earnings ratio of 11.00 and a beta of 1.20.

Bank Hapoalim (OTCMKTS:BKHYYGet Free Report) last announced its quarterly earnings results on Thursday, May 14th. The bank reported $2.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.05). Bank Hapoalim had a return on equity of 14.38% and a net margin of 22.10%.The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $5.97 billion.

About Bank Hapoalim

(Get Free Report)

Bank Hapoalim B.M. is one of Israel’s largest banking groups, providing a broad range of financial services to retail, corporate and institutional customers. Founded in 1921 by the Histadrut labor federation, the bank has developed into a full-service financial institution offering deposit accounts, consumer and mortgage lending, credit cards, payment services, and branch-based retail banking. It also serves small and medium-sized enterprises with working capital and trade finance solutions.

In addition to traditional retail banking, Bank Hapoalim operates significant corporate and investment banking divisions.

Further Reading

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