Bank of Communications (OTCMKTS:BCMXY) Trading Up 2.2% – Should You Buy?

Bank of Communications Co. (OTCMKTS:BCMXY)’s share price was up 2.2% during trading on Friday . The company traded as high as $25.00 and last traded at $25.00. Approximately 59 shares were traded during mid-day trading, an increase of 801% from the average daily volume of 7 shares. The stock had previously closed at $24.4595.

Bank of Communications Stock Up 2.2%

The stock has a fifty day moving average price of $22.99 and a 200-day moving average price of $22.15. The firm has a market cap of $74.26 billion, a PE ratio of 6.46 and a beta of -0.18. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.89 and a current ratio of 0.95.

Bank of Communications (OTCMKTS:BCMXY) last posted its quarterly earnings results on Thursday, October 30th. The bank reported $0.73 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.18). Bank of Communications had a net margin of 18.19% and a return on equity of 7.70%. The business had revenue of $9.38 billion during the quarter, compared to analysts’ expectations of $9.11 billion.

About Bank of Communications

Bank of Communications Co, Ltd. (OTCMKTS: BCMXY) is a major Chinese commercial bank that provides a broad range of banking and financial services to individual, corporate and institutional clients. Founded in the early 20th century, the bank has grown into one of China’s large, systemically important banks and plays a significant role in supporting domestic economic activity, trade and finance. It combines traditional commercial banking functions with modern financial services across multiple customer segments.

The company’s core businesses include retail banking, corporate and investment banking, treasury and financial markets operations, and wealth and asset management.