Bank Hapoalim (OTCMKTS:BKHYY) Shares Gap Down – What’s Next?

Bank Hapoalim (OTCMKTS:BKHYY)’s stock price 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 changing hands.

Bank Hapoalim Price Performance

The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.66. The firm has a fifty day moving average price of $129.32 and a two-hundred day moving average price of $124.88. The stock has a market capitalization of $30.54 billion, a P/E ratio of 10.81 and a beta of 1.18.

Bank Hapoalim (OTCMKTS:BKHYY) last issued its quarterly earnings results on Thursday, May 14th. The bank reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.05). Bank Hapoalim had a net margin of 22.10% and a return on equity of 14.38%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $5.97 billion.

Bank Hapoalim Company Profile

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.