Bank of China (OTCMKTS:BACHY) Sets New 12-Month High – Should You Buy?

Bank of China Ltd. (OTCMKTS:BACHY)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $17.2705 and last traded at $17.21, with a volume of 12577 shares trading hands. The stock had previously closed at $17.18.

Wall Street Analyst Weigh In

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

Bank of China Stock Up 0.2%

The stock has a market capitalization of $221.81 billion, a PE ratio of 6.70 and a beta of 0.06. The firm’s fifty day moving average is $16.45 and its 200-day moving average is $15.24. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.02.

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.