Bank of China (OTCMKTS:BACHY) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Shares of Bank of China Ltd. (OTCMKTS:BACHY) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $14.40 and traded as high as $14.84. Bank of China shares last traded at $14.80, with a volume of 48,693 shares.

Bank of China Price Performance

The company has a market cap of $190.75 billion, a price-to-earnings ratio of 5.76 and a beta of 0.13. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. The company’s fifty day moving average price is $14.40 and its two-hundred day moving average price is $14.27.

Bank of China Company Profile

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.