Bank of China (OTCMKTS:BACHY) Sets New 1-Year High – Here’s Why

Bank of China Limited (OTCMKTS:BACHY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $15.14 and last traded at $14.56, with a volume of 48713 shares trading hands. The stock had previously closed at $14.14.

Wall Street Analyst Weigh In

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

Bank of China Stock Performance

The stock has a market capitalization of $171.45 billion, a P/E ratio of 5.71 and a beta of 0.18. The firm has a fifty day moving average price of $13.07 and a two-hundred day moving average price of $12.21.

Bank of China Cuts Dividend

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