Bank Hapoalim (OTCMKTS:BKHYY) Shares Gap Down – Should You Sell?

Bank Hapoalim (OTCMKTS:BKHYY) gapped down before the market opened on Wednesday . The stock had previously closed at $133.58, but opened at $126.79. Bank Hapoalim shares last traded at $130.5350, with a volume of 2,490 shares traded.

Bank Hapoalim Trading Up 1.3%

The business’s 50-day moving average price is $129.75 and its two-hundred day moving average price is $123.55. The company has a market capitalization of $34.41 billion, a P/E ratio of 12.17 and a beta of 1.21. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.94 and a quick ratio of 0.94.

Bank Hapoalim (OTCMKTS:BKHYY) last announced its quarterly earnings results on Thursday, May 14th. The bank reported $2.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.05). Bank Hapoalim had a return on equity of 14.89% and a net margin of 22.10%.The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $5.97 billion.

About Bank Hapoalim

Bank Hapoalim B.M. is one of Israel’s largest banking groups, providing a broad range of financial services to retail, corporate and institutional customers. Founded in 1921 by the Histadrut labor federation, the bank has developed into a full-service financial institution offering deposit accounts, consumer and mortgage lending, credit cards, payment services, and branch-based retail banking. It also serves small and medium-sized enterprises with working capital and trade finance solutions.

In addition to traditional retail banking, Bank Hapoalim operates significant corporate and investment banking divisions.