Bank Hapoalim (OTCMKTS:BKHYY) Shares Gap Down – Time to Sell?

Shares of Bank Hapoalim (OTCMKTS:BKHYY) gapped down before the market opened on Tuesday . The stock had previously closed at $120.42, but opened at $113.37. Bank Hapoalim shares last traded at $116.9050, with a volume of 987 shares.

Bank Hapoalim Trading Up 1.7%

The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.56. The business’s fifty day simple moving average is $129.43 and its two-hundred day simple moving average is $124.71. The company has a market cap of $30.62 billion, a price-to-earnings ratio of 10.83 and a beta of 1.18.

Bank Hapoalim (OTCMKTS:BKHYY) last released 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 return on equity of 14.89% and a net margin of 22.10%.The company had revenue of $1.76 billion for the quarter, compared to analyst estimates 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.