Bank of China (OTCMKTS:BACHY) Shares Cross Above Fifty Day Moving Average - Here's What Happened

Shares of Bank of China Limited (OTCMKTS:BACHY - Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $12.12 and traded as high as $12.61. Bank of China shares last traded at $12.08, with a volume of 36,022 shares changing hands.

Wall Street Analyst Weigh In

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

Bank of China Price Performance

The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.01. The stock has a market cap of $145.43 billion, a P/E ratio of 4.84 and a beta of 0.17. The firm's fifty day moving average price is $12.12 and its 200-day moving average price is $11.68.

Bank of China Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, January 14th will be issued a dividend of $0.3231 per share. The ex-dividend date is Tuesday, January 14th. Bank of China's dividend payout ratio is presently 25.10%.

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.