Bank Hapoalim (OTCMKTS:BKHYY) Shares Cross Below 200-Day Moving Average – What’s Next?

Bank Hapoalim (OTCMKTS:BKHYY) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $125.73 and traded as low as $119.25. Bank Hapoalim shares last traded at $122.80, with a volume of 15,787 shares trading hands.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded shares of Bank Hapoalim from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Bank Hapoalim Stock Down 0.5%

The company has a market capitalization of $32.08 billion, a PE ratio of 10.85 and a beta of 1.24. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.60. The firm has a 50 day simple moving average of $128.67 and a two-hundred day simple moving average of $125.73.

Bank Hapoalim (OTCMKTS:BKHYY) last issued its quarterly earnings results on Tuesday, August 11th. The bank reported $3.21 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.20. Bank Hapoalim had a return on equity of 14.08% and a net margin of 22.88%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $6.13 billion.

Bank Hapoalim Company Profile

Bank Hapoalim B.M. is an Israeli financial institution headquartered in Tel Aviv. Founded in 1921, it is one of Israel’s largest banking groups and provides financial services to individuals, businesses, institutional clients and government-related organizations.

The bank offers personal and business deposit accounts, consumer and commercial lending, mortgages, credit cards, payment services and digital banking. Its corporate and investment banking activities include working-capital financing, trade finance, foreign exchange, capital-markets services and financial advisory.