Commonwealth Bank of Australia (OTCMKTS:CMWAY) Trading Down 0.9% – Time to Sell?

Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY)’s stock price fell 0.9% during mid-day trading on Thursday . The company traded as low as $102.49 and last traded at $102.71. 64,540 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 61,884 shares. The stock had previously closed at $103.69.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CMWAY shares. Zacks Research lowered Commonwealth Bank of Australia from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. The Goldman Sachs Group set a $130.18 target price on Commonwealth Bank of Australia and gave the company a “sell” rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $130.18.

Commonwealth Bank of Australia Price Performance

The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 2.18. The firm has a fifty day simple moving average of $106.81 and a two-hundred day simple moving average of $111.79.

Commonwealth Bank of Australia Company Profile

Commonwealth Bank of Australia provides financial services in Australia, New Zealand, and internationally. It operates through Retail Banking Services, Business Banking, Institutional Banking and Markets, and New Zealand segments. The company offers transaction, savings, and foreign currency accounts; term deposits; personal and business loans; overdrafts; equipment finance; credit cards; international payment and trade; and private banking services, as well as home and car loans.