Bank of Communications Co. (OTCMKTS:BCMXY – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday. The company traded as high as $26.3250 and last traded at $26.3250, with a volume of 138 shares traded. The stock had previously closed at $24.25.
Bank of Communications Stock Performance
The firm has a market capitalization of $78.20 billion, a price-to-earnings ratio of 7.29 and a beta of -0.03. The firm has a 50 day moving average price of $23.26 and a 200-day moving average price of $22.32. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.94 and a quick ratio of 0.94.
Bank of Communications (OTCMKTS:BCMXY – Get Free Report) last issued its quarterly earnings results on Friday, August 28th. The bank reported $0.81 earnings per share for the quarter, hitting the consensus estimate of $0.81. The company had revenue of $10.32 billion for the quarter, compared to the consensus estimate of $10.32 billion. Bank of Communications had a return on equity of 7.91% and a net margin of 19.23%. As a group, sell-side analysts expect that Bank of Communications Co. will post 4.12 earnings per share for the current fiscal year.
About Bank of Communications
Bank of Communications Co, Ltd. is a major commercial bank headquartered in Shanghai, China. Originally established in 1908, the bank was reconstituted in 1987 and has developed into one of China’s large state-controlled commercial banking institutions.
The bank provides a broad range of financial services to corporate, institutional and individual customers. Its offerings include corporate and personal deposits and loans, payment and settlement services, trade finance, wealth management, credit cards, investment banking, foreign exchange, and treasury services.
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