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

Bank Hapoalim (OTCMKTS:BKHYY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $133.58, but opened at $126.79. Bank Hapoalim shares last traded at $130.5350, with a volume of 2,490 shares traded.

Bank Hapoalim Price Performance

The stock has a market capitalization of $33.78 billion, a P/E ratio of 11.95 and a beta of 1.21. The business has a fifty day simple moving average of $129.54 and a 200-day simple moving average of $123.16. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.94 and a current ratio of 0.94.

Bank Hapoalim (OTCMKTS:BKHYY) last posted its quarterly earnings results on Thursday, May 14th. The bank reported $2.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.05). The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $5.97 billion. Bank Hapoalim had a return on equity of 14.89% and a net margin of 22.10%.

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.