Bank of China (OTCMKTS:BACHY) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Bank of China Limited (OTCMKTS:BACHY) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.29 and traded as low as $14.16. Bank of China shares last traded at $14.42, with a volume of 47,180 shares.

Analysts Set New Price Targets

Separately, Bank of America reissued a “neutral” rating on shares of Bank of China in a research report on Thursday, March 27th.

Bank of China Price Performance

The business’s 50-day simple moving average is $14.29 and its two-hundred day simple moving average is $13.14. The stock has a market capitalization of $169.80 billion, a price-to-earnings ratio of 5.65 and a beta of 0.16.

Bank of China (OTCMKTS:BACHY) last posted its earnings results on Tuesday, April 29th. The bank reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. Bank of China had a net margin of 17.35% and a return on equity of 7.81%. The business had revenue of $22.70 billion for the quarter, compared to analyst estimates of $146.27 billion.

Bank of China Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, June 9th. Stockholders of record on Thursday, April 24th will be paid a $0.3063 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a dividend yield of 9.32%. Bank of China’s dividend payout ratio (DPR) is currently 23.46%.

Bank of China Company Profile

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.