Bank of China (OTCMKTS:BACHY) Shares Gap Up – Here’s What Happened
by Scott Moore · The Cerbat GemBank of China Ltd. (OTCMKTS:BACHY – Get Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $17.75, but opened at $18.98. Bank of China shares last traded at $18.95, with a volume of 1,140 shares changing hands.
Bank of China Price Performance
The company has a 50-day moving average of $16.78 and a 200 day moving average of $16.22. The company has a market cap of $246.81 billion, a PE ratio of 7.45 and a beta of 0.08.
About Bank of China
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.