Bank of China (OTCMKTS:BACHY) Sets New 1-Year High – Still a Buy?

Bank of China Limited (OTCMKTS:BACHY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $15.43 and last traded at $14.86, with a volume of 25320 shares. The stock had previously closed at $14.80.

Analyst Upgrades and Downgrades

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

Bank of China Price Performance

The company has a market cap of $174.94 billion, a PE ratio of 5.83 and a beta of 0.18. The business has a fifty day simple moving average of $13.68 and a two-hundred day simple moving average of $12.56.

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.