Bank of China (OTCMKTS:BACHY) Hits New 12-Month High - Here's What Happened

Shares of Bank of China Limited (OTCMKTS:BACHY - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $15.14 and last traded at $14.56, with a volume of 48713 shares traded. 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 report on Thursday, January 9th.

Bank of China Stock Performance

The firm has a market cap of $172.28 billion, a P/E ratio of 5.74 and a beta of 0.18. The firm's fifty day simple moving average is $13.18 and its 200 day simple moving average is $12.27.

Bank of China Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, January 14th were paid a dividend of $0.3231 per share. The ex-dividend date was Tuesday, January 14th. Bank of China's payout ratio is presently 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.