Bank of China (OTCMKTS:BACHY) Sets New 1-Year High – What’s Next?

Bank of China Limited (OTCMKTS:BACHYGet Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $13.36 and last traded at $12.95, with a volume of 13834 shares trading hands. The stock had previously closed at $12.96.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Bank of China from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th.

Read Our Latest Report on BACHY

Bank of China Stock Down 0.2 %

The company has a market cap of $154.26 billion, a PE ratio of 5.14 and a beta of 0.17. The firm’s fifty day simple moving average is $12.43 and its 200-day simple moving average is $11.81.

Bank of China Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, January 14th will be issued a dividend of $0.3231 per share. The ex-dividend date is Tuesday, January 14th. Bank of China’s dividend payout ratio is currently 25.49%.

Bank of China Company Profile

(Get Free Report)

Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other.

Further Reading

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