Bank of China (OTCMKTS:BACHY) Shares Gap Up – Still a Buy?

Bank of China Ltd. (OTCMKTS:BACHYGet Free Report)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $17.75, but opened at $18.98. Bank of China shares last traded at $18.95, with a volume of 1,140 shares.

Bank of China Price Performance

The stock’s 50 day simple moving average is $16.69 and its two-hundred day simple moving average is $16.17. The firm has a market cap of $244.82 billion, a P/E ratio of 7.39 and a beta of 0.07.

About Bank of China

(Get Free Report)

Bank of China (OTCMKTS: BACHY) is a major state-owned commercial bank headquartered in Beijing that provides a broad range of banking and financial services to corporate, institutional and retail clients. Founded in 1912, the bank has grown into one of China’s largest and longest-established banking institutions and is commonly grouped with the nation’s “Big Four” banks. Its core activities include deposit-taking, corporate and retail lending, trade finance, foreign exchange and treasury services, as well as cash management and payment services for domestic and cross-border clients.

In addition to traditional commercial banking, Bank of China offers investment banking and capital markets services, structured finance, asset management and wealth management solutions.

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