Bank of China (OTCMKTS:BACHY) Hits New 12-Month High – What’s Next?

Bank of China Limited (OTCMKTS:BACHY) shares reached a new 52-week high on Wednesday . The company traded as high as $15.14 and last traded at $14.56, with a volume of 48713 shares traded. The stock had previously closed at $14.14.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Bank of China from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th.

Bank of China Stock Up 3.0 %

The stock has a fifty day simple moving average of $13.07 and a 200 day simple moving average of $12.21. The firm has a market capitalization of $171.45 billion, a P/E ratio of 5.71 and a beta of 0.18.

Bank of China Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, January 14th will be given a dividend of $0.3231 per share. The ex-dividend date of this dividend is Tuesday, January 14th. Bank of China’s dividend payout ratio is currently 25.49%.

About Bank of China

Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other.