Bank of China (OTCMKTS:BACHY) Sets New 52-Week High – Time to Buy?

Bank of China Limited (OTCMKTS:BACHY)’s share price reached a new 52-week high on Tuesday . The company traded as high as $13.84 and last traded at $13.79, with a volume of 34381 shares changing hands. The stock had previously closed at $13.61.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised 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 Up 1.3 %

The stock has a market capitalization of $162.36 billion, a PE ratio of 5.41 and a beta of 0.17. The firm has a 50 day moving average price of $12.70 and a 200 day moving average price of $11.97.

Bank of China Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, January 14th will be paid a dividend of $0.3231 per share. The ex-dividend date is Tuesday, January 14th. Bank of China’s dividend payout ratio (DPR) 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.