Bank of Communications (OTCMKTS:BCMXY) Hits New 52-Week High – Still a Buy?

Bank of Communications Co., Ltd. (OTCMKTS:BCMXY)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $23.15 and last traded at $23.15, with a volume of 250 shares changing hands. The stock had previously closed at $21.00.

Bank of Communications Stock Performance

The firm has a market cap of $68.77 billion, a P/E ratio of 5.76 and a beta of -0.05. The firm’s fifty day moving average price is $20.22 and its 200 day moving average price is $19.09.

Bank of Communications Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 17th will be issued a $0.4913 dividend. The ex-dividend date of this dividend is Friday, January 17th. Bank of Communications’s dividend payout ratio is currently 24.88%.

Bank of Communications Company Profile

Bank of Communications Co, Ltd. provides commercial banking products and services in China. The company offers savings deposit products, including demand deposits, lump-sum deposits and withdrawal, time deposit of small savings for lump-sum withdrawal, interest withdrawal on principal deposited, time-demand deposit, call deposit, swap management, and education deposit; personal certificate of deposit; salary financing A; and foreign currency deposit.