Bank of China (OTCMKTS:BACHY) Shares Gap Down – What’s Next?

Shares of Bank of China Ltd. (OTCMKTS:BACHY) gapped down prior to trading on Thursday . The stock had previously closed at $16.66, but opened at $15.94. Bank of China shares last traded at $16.79, with a volume of 3,513 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded Bank of China to a “hold” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Bank of China Trading Down 0.7%

The stock has a 50-day moving average of $15.87 and a 200 day moving average of $15.04. The stock has a market cap of $213.18 billion, a PE ratio of 6.44 and a beta of 0.06. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.02.

About Bank of China

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.