Bank of Communications Co. (OTCMKTS:BCMXY – Get Free Report) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 584 shares, a decline of 67.2% from the June 15th total of 1,781 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,148 shares, the days-to-cover ratio is currently 0.5 days.
Bank of Communications Price Performance
Shares of OTCMKTS:BCMXY opened at $20.60 on Monday. The stock has a market capitalization of $61.19 billion, a price-to-earnings ratio of 5.63 and a beta of -0.06. Bank of Communications has a 1-year low of $19.89 and a 1-year high of $25.80. The company’s fifty day moving average is $22.41 and its two-hundred day moving average is $21.86. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.94 and a current ratio of 0.94.
Bank of Communications (OTCMKTS:BCMXY – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The bank reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.04). Bank of Communications had a return on equity of 7.66% and a net margin of 19.03%.The business had revenue of $10.02 billion during the quarter, compared to the consensus estimate of $10.02 billion. Equities analysts anticipate that Bank of Communications will post 4.13 EPS for the current year.
Analyst Ratings Changes
Read Our Latest Report on BCMXY
About Bank of Communications
Bank of Communications Co, Ltd. (OTCMKTS: BCMXY) is a major Chinese commercial bank that provides a broad range of banking and financial services to individual, corporate and institutional clients. Founded in the early 20th century, the bank has grown into one of China’s large, systemically important banks and plays a significant role in supporting domestic economic activity, trade and finance. It combines traditional commercial banking functions with modern financial services across multiple customer segments.
The company’s core businesses include retail banking, corporate and investment banking, treasury and financial markets operations, and wealth and asset management.
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