Bank of Communications (OTCMKTS:BCMXY) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Bank of Communications Co., Ltd. (OTCMKTS:BCMXY)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $18.04 and traded as high as $18.55. Bank of Communications shares last traded at $18.55, with a volume of 1,902 shares trading hands.

Bank of Communications Trading Down 7.3 %

The company has a 50 day moving average price of $18.04 and a 200 day moving average price of $18.26. The firm has a market cap of $55.10 billion and a price-to-earnings ratio of 4.61. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.94 and a current ratio of 0.94.

Bank of Communications (OTCMKTS:BCMXY) last posted its earnings results on Wednesday, August 28th. The bank reported $0.76 earnings per share (EPS) for the quarter. Bank of Communications had a return on equity of 7.57% and a net margin of 15.61%. The firm had revenue of $9.03 billion for the quarter.

About Bank of Communications

Bank of Communications Co, Ltd. provides commercial banking products and services in China. The company offers savings deposit products, including demand deposits, lump-sum deposits and withdrawal, time deposit of small savings for lump-sum withdrawal, interest withdrawal on principal deposited, time-demand deposit, call deposit, swap management, and education deposit; personal certificate of deposit; salary financing A; and foreign currency deposit.