Bank of China (OTCMKTS:BACHY) Sets New 12-Month High – Should You Buy?

Bank of China Ltd. (OTCMKTS:BACHY)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $15.6920 and last traded at $15.5450, with a volume of 11861 shares trading hands. The stock had previously closed at $15.34.

Bank of China Trading Up 1.5%

The stock’s fifty day simple moving average is $14.71 and its 200-day simple moving average is $14.40. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $200.70 billion, a PE ratio of 6.06 and a beta of 0.13.

Bank of China Company Profile

Bank of China (OTCMKTS: BACHY) is a major state-owned commercial bank headquartered in Beijing that provides a broad range of banking and financial services to corporate, institutional and retail clients. Founded in 1912, the bank has grown into one of China’s largest and longest-established banking institutions and is commonly grouped with the nation’s “Big Four” banks. Its core activities include deposit-taking, corporate and retail lending, trade finance, foreign exchange and treasury services, as well as cash management and payment services for domestic and cross-border clients.

In addition to traditional commercial banking, Bank of China offers investment banking and capital markets services, structured finance, asset management and wealth management solutions.