Bank of China (OTCMKTS:BACHY) Shares Gap Down – Here’s What Happened

Bank of China Ltd. (OTCMKTS:BACHY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $16.00, but opened at $15.36. Bank of China shares last traded at $15.93, with a volume of 746 shares changing hands.

Bank of China Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a 50-day moving average price of $14.83 and a 200-day moving average price of $14.44. The firm has a market capitalization of $207.75 billion, a PE ratio of 6.35 and a beta of 0.07.

Bank of China (OTCMKTS:BACHY) last issued its quarterly earnings results on Monday, March 30th. The bank reported $0.67 EPS for the quarter, meeting analysts’ consensus estimates of $0.67. Bank of China had a return on equity of 7.86% and a net margin of 19.93%.The firm had revenue of $23.66 billion during the quarter, compared to the consensus estimate of $20.13 billion.

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.