Bank of China (OTCMKTS:BACHY) Reaches New 52-Week High – What’s Next?

Bank of China Limited (OTCMKTS:BACHY)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $13.36 and last traded at $12.95, with a volume of 13834 shares traded. The stock had previously closed at $12.96.

Wall Street Analysts Forecast Growth

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

Bank of China Stock Down 0.1 %

The firm has a market cap of $152.44 billion, a price-to-earnings ratio of 5.08 and a beta of 0.17. The firm has a fifty day moving average price of $12.37 and a 200-day moving average price of $11.78.

Bank of China Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, January 14th will be paid a dividend of $0.3231 per share. The ex-dividend date is Tuesday, January 14th. Bank of China’s dividend payout ratio is currently 25.49%.

About Bank of China

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.