Bank of China (OTCMKTS:BACHY) Reaches New 1-Year High – Time to Buy?

Bank of China Ltd. (OTCMKTS:BACHY)’s stock price reached a new 52-week high on Friday. The stock traded as high as $20.03 and last traded at $19.7050, with a volume of 8,854 shares changing hands. The stock had previously closed at $19.72.

Bank of China Stock Performance

The stock has a market cap of $257.77 billion, a P/E ratio of 7.46 and a beta of 0.08. The stock has a 50-day moving average price of $19.22 and a 200-day moving average price of $16.89.

Bank of China (OTCMKTS:BACHY) last posted its quarterly earnings data on Friday, October 30th. The bank reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.01). The company had revenue of $25.47 billion during the quarter, compared to the consensus estimate of $25.47 billion. Bank of China had a return on equity of 7.88% and a net margin of 20.76%. Sell-side analysts forecast that Bank of China Ltd. will post 2.97 earnings per share for the current fiscal year.

About Bank of China

Bank of China Limited is a state-owned commercial bank founded in 1912. It is one of China’s major banking groups and provides financial services to individuals, businesses, and institutions. Its services include deposits, loans, payments, wealth management, trade finance, foreign-exchange services, and other corporate and financial-market offerings. The bank serves customers in mainland China and internationally through its branches and subsidiaries.