Bank Hapoalim (OTCMKTS:BKHYY) Share Price Passes Below 200 Day Moving Average – Here’s Why

Shares of Bank Hapoalim (OTCMKTS:BKHYY) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $124.54 and traded as low as $114.21. Bank Hapoalim shares last traded at $118.61, with a volume of 16,109 shares trading hands.

Bank Hapoalim Stock Performance

The business has a 50-day moving average of $129.49 and a two-hundred day moving average of $124.51. The company has a market cap of $31.55 billion, a P/E ratio of 11.16 and a beta of 1.18. 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 issued its quarterly earnings data 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 net margin of 22.10% and a return on equity of 14.89%. The company 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.