Bank of Communications (OTCMKTS:BCMXY) Sets New 52-Week High – What’s Next?

Bank of Communications Co. (OTCMKTS:BCMXY)’s stock price reached a new 52-week high on Thursday. The stock traded as high as $26.3250 and last traded at $26.3250, with a volume of 138 shares traded. The stock had previously closed at $24.25.

Bank of Communications Trading Up 8.6%

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.70. The company has a fifty day simple moving average of $23.26 and a 200-day simple moving average of $22.32. The company has a market capitalization of $78.20 billion, a PE ratio of 7.29 and a beta of -0.03.

Bank of Communications (OTCMKTS:BCMXY) last posted its quarterly earnings results on Friday, August 28th. The bank reported $0.81 earnings per share for the quarter, meeting the consensus estimate of $0.81. The business had revenue of $10.32 billion during the quarter, compared to analysts’ expectations of $10.32 billion. Bank of Communications had a net margin of 19.23% and a return on equity of 7.91%. Analysts predict that Bank of Communications Co. will post 4.12 EPS for the current year.

About Bank of Communications

Bank of Communications Co, Ltd. is a major commercial bank headquartered in Shanghai, China. Originally established in 1908, the bank was reconstituted in 1987 and has developed into one of China’s large state-controlled commercial banking institutions.

The bank provides a broad range of financial services to corporate, institutional and individual customers. Its offerings include corporate and personal deposits and loans, payment and settlement services, trade finance, wealth management, credit cards, investment banking, foreign exchange, and treasury services.