Bank of China (OTCMKTS:BACHY) Shares Gap Up – Still a Buy?

Bank of China Ltd. (OTCMKTS:BACHYGet Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $14.2130, but opened at $14.63. Bank of China shares last traded at $14.28, with a volume of 884 shares traded.

Bank of China Trading Down 0.9%

The stock’s fifty day moving average price is $14.52 and its 200 day moving average price is $14.33. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.02. The stock has a market cap of $168.04 billion, a P/E ratio of 5.55 and a beta of 0.11.

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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