Bank of China (OTCMKTS:BACHY) Sets New 12-Month High – Should You Buy?

Shares of Bank of China Ltd. (OTCMKTS:BACHY) hit a new 52-week high during trading on Thursday . The company traded as high as $17.2705 and last traded at $17.21, with a volume of 12577 shares traded. The stock had previously closed at $17.18.

Analyst Upgrades and Downgrades

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

Bank of China Stock Up 0.2%

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $221.81 billion, a price-to-earnings ratio of 6.70 and a beta of 0.06. The firm’s 50 day simple moving average is $16.45 and its 200-day simple moving average is $15.24.

Bank of China Company Profile

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.