Bank Hapoalim (OTCMKTS:BKHYY) Sees Large Volume Increase – What’s Next?

Bank Hapoalim (OTCMKTS:BKHYY) shares saw unusually-high trading volume on Monday . Approximately 47,253 shares changed hands during trading, an increase of 914% from the previous session’s volume of 4,662 shares.The stock last traded at $130.9850 and had previously closed at $124.09.

Analyst Upgrades and Downgrades

Separately, Barclays lowered Bank Hapoalim from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Bank Hapoalim currently has a consensus rating of “Hold”.

Bank Hapoalim Stock Performance

The stock’s 50 day simple moving average is $124.34 and its two-hundred day simple moving average is $109.74. The company has a market capitalization of $33.93 billion, a P/E ratio of 13.06 and a beta of 1.19. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.93 and a quick ratio of 0.93.

Bank Hapoalim Company Profile

Bank Hapoalim B.M. is one of Israel’s largest banking groups, providing a broad range of financial services to retail, corporate and institutional customers. Founded in 1921 by the Histadrut labor federation, the bank has developed into a full-service financial institution offering deposit accounts, consumer and mortgage lending, credit cards, payment services, and branch-based retail banking. It also serves small and medium-sized enterprises with working capital and trade finance solutions.

In addition to traditional retail banking, Bank Hapoalim operates significant corporate and investment banking divisions.