Bank of Communications (OTCMKTS:BCMXY) Sets New 12-Month High – Time to Buy?

Shares of Bank of Communications Co. (OTCMKTS:BCMXY) hit a new 52-week high during trading on Monday . The company traded as high as $25.00 and last traded at $25.00, with a volume of 735 shares changing hands. The stock had previously closed at $20.60.

Bank of Communications Stock Up 19.6%

The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.89 and a current ratio of 0.89. The stock’s 50-day moving average price is $21.21 and its two-hundred day moving average price is $21.31. The stock has a market capitalization of $74.26 billion, a PE ratio of 6.07 and a beta of -0.14.

Bank of Communications (OTCMKTS:BCMXY) last posted its quarterly earnings data on Thursday, October 30th. The bank reported $0.73 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.18). The business had revenue of $9.38 billion for the quarter, compared to the consensus estimate of $9.11 billion. Bank of Communications had a return on equity of 8.15% and a net margin of 17.84%.

Bank of Communications Company Profile

Bank of Communications Co, Ltd. provides commercial banking products and services in China. The company offers savings deposit products, including demand deposits, lump-sum deposits and withdrawal, time deposit of small savings for lump-sum withdrawal, interest withdrawal on principal deposited, time-demand deposit, call deposit, swap management, and education deposit; personal certificate of deposit; salary financing A; and foreign currency deposit.