Bank of China (OTCMKTS:BACHY) Hits New 52-Week High – Here’s What Happened

Bank of China Limited (OTCMKTS:BACHY)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $14.54 and last traded at $14.05, with a volume of 14217 shares traded. The stock had previously closed at $13.82.

Wall Street Analysts Forecast Growth

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

Bank of China Stock Up 1.7 %

The firm has a market capitalization of $165.45 billion, a price-to-earnings ratio of 5.51 and a beta of 0.17. The stock has a 50 day moving average of $12.86 and a 200 day moving average of $12.08.

Bank of China Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, January 14th will be issued a $0.3231 dividend. The ex-dividend date of this dividend is Tuesday, January 14th. Bank of China’s dividend payout ratio (DPR) is 25.49%.

Bank of China Company Profile

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.