Bank of China (OTCMKTS:BACHY) Reaches New 1-Year High – Time to Buy?

Bank of China Ltd. (OTCMKTS:BACHY)’s stock price hit a new 52-week high during mid-day trading on Friday. The stock traded as high as $20.03 and last traded at $19.7050, with a volume of 8,854 shares traded. The stock had previously closed at $19.72.

Bank of China Stock Up 1.4%

The company has a market capitalization of $257.77 billion, a PE ratio of 7.46 and a beta of 0.08. The firm’s 50-day moving average is $19.22 and its 200-day moving average is $16.89.

Bank of China (OTCMKTS:BACHY) last released its quarterly earnings results on Friday, October 30th. The bank reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01). Bank of China had a net margin of 20.76% and a return on equity of 7.88%. The firm had revenue of $25.47 billion for the quarter, compared to analysts’ expectations of $25.47 billion. As a group, equities research analysts predict that Bank of China Ltd. will post 2.97 EPS for the current year.

About Bank of China

Bank of China Limited is a state-owned commercial bank founded in 1912. It is one of China’s major banking groups and provides financial services to individuals, businesses, and institutions. Its services include deposits, loans, payments, wealth management, trade finance, foreign-exchange services, and other corporate and financial-market offerings. The bank serves customers in mainland China and internationally through its branches and subsidiaries.