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Bank of Communications (OTCMKTS:BCMXY) Share Price Crosses Above 50-Day Moving Average - Here's What Happened

Bank of Communications logo with Finance background

Shares of Bank of Communications Co., Ltd. (OTCMKTS:BCMXY - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $20.66 and traded as high as $21.80. Bank of Communications shares last traded at $21.80, with a volume of 121 shares trading hands.

Bank of Communications Price Performance

The business's 50-day moving average is $20.69 and its 200 day moving average is $19.32. The firm has a market capitalization of $64.76 billion, a P/E ratio of 5.42 and a beta of -0.05.

Bank of Communications Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, January 17th were issued a dividend of $0.4913 per share. The ex-dividend date of this dividend was Friday, January 17th. Bank of Communications's dividend payout ratio is presently 24.63%.

About Bank of Communications

(Get Free Report)

Bank of Communications Co, Ltd. provides commercial banking products and services in China. The company offers savings deposit products, including demand deposits, lump-sum deposits and withdrawal, time deposit of small savings for lump-sum withdrawal, interest withdrawal on principal deposited, time-demand deposit, call deposit, swap management, and education deposit; personal certificate of deposit; salary financing A; and foreign currency deposit.

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