Bank of China (OTCMKTS:BACHY) Sets New 12-Month High – Here’s What Happened

Bank of China Ltd. (OTCMKTS:BACHY)’s share price hit a new 52-week high on Friday . The company traded as high as $17.20 and last traded at $16.85, with a volume of 29047 shares changing hands. The stock had previously closed at $16.70.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Bank of China to a “hold” rating in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Bank of China has an average rating of “Hold”.

Bank of China Stock Up 0.2%

The company has a 50 day simple moving average of $16.31 and a two-hundred day simple moving average of $15.18. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $215.62 billion, a P/E ratio of 6.51 and a beta of 0.06.

About Bank of China

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.