Bank of China (OTCMKTS:BACHY) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Bank of China Ltd. (OTCMKTS:BACHYGet Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $14.54 and traded as high as $14.60. Bank of China shares last traded at $14.2350, with a volume of 83,832 shares.

Bank of China Trading Down 0.0%

The stock has a market cap of $167.62 billion, a PE ratio of 5.54 and a beta of 0.13. The firm has a 50-day moving average price of $14.54 and a 200-day moving average price of $14.32. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.84 and a current ratio of 0.84.

Bank of China Company Profile

(Get Free Report)

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.

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