Bank of China (OTCMKTS:BACHY) Sets New 52-Week High – Still a Buy?

Bank of China Limited (OTCMKTS:BACHY)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $15.50 and last traded at $15.22, with a volume of 48397 shares changing hands. The stock had previously closed at $14.67.

Analyst Upgrades and Downgrades

BACHY has been the subject of several research analyst reports. The Goldman Sachs Group raised shares of Bank of China from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Bank of America restated a “neutral” rating on shares of Bank of China in a report on Thursday.

Bank of China Stock Performance

The company has a market capitalization of $179.22 billion, a PE ratio of 5.97 and a beta of 0.18. The business has a fifty day moving average price of $13.87 and a 200 day moving average price of $12.67.

Bank of China (OTCMKTS:BACHY) last posted its earnings results on Wednesday, March 26th. The bank reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. The firm had revenue of $17.82 billion during the quarter, compared to the consensus estimate of $130.61 billion. Bank of China had a net margin of 17.35% and a return on equity of 7.81%.

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.