Bank of Communications (OTCMKTS:BCMXY) Shares Gap Down – Time to Sell?

Bank of Communications Co. (OTCMKTS:BCMXY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $23.40, but opened at $21.19. Bank of Communications shares last traded at $21.19, with a volume of 2,132 shares traded.

Analyst Ratings Changes

Separately, Zacks Research raised Bank of Communications to a “hold” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Bank of Communications Stock Down 9.4%

The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.94 and a current ratio of 0.94. The company’s fifty day moving average price is $22.67 and its 200-day moving average price is $22.16. The stock has a market cap of $62.95 billion, a P/E ratio of 5.79 and a beta of -0.09.

Bank of Communications (OTCMKTS:BCMXY) last issued its quarterly earnings results on Wednesday, April 29th. The bank reported $1.08 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.04). Bank of Communications had a net margin of 19.03% and a return on equity of 7.66%. The firm had revenue of $10.02 billion for the quarter, compared to the consensus estimate of $10.02 billion. Equities analysts forecast that Bank of Communications Co. will post 4.13 EPS for the current year.

Bank of Communications Company Profile

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.