Bank of Communications (OTCMKTS:BCMXY) Reaches New 12-Month Low – What’s Next?

Bank of Communications Co. (OTCMKTS:BCMXY)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $19.89 and last traded at $19.89, with a volume of 194 shares traded. The stock had previously closed at $24.10.

Analyst Ratings Changes

Separately, Zacks Research upgraded Bank of Communications to a “hold” rating in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Bank of Communications Stock Performance

The company has a debt-to-equity ratio of 1.70, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a 50-day moving average price of $22.66 and a 200-day moving average price of $22.13. The company has a market capitalization of $59.08 billion, a price-to-earnings ratio of 5.43 and a beta of -0.09.

Bank of Communications (OTCMKTS:BCMXY) last posted its quarterly earnings results on Wednesday, April 29th. The bank reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.04). Bank of Communications had a net margin of 19.03% and a return on equity of 7.66%. The business had revenue of $10.02 billion during the quarter, compared to the consensus estimate of $10.02 billion. As a group, analysts forecast that Bank of Communications Co. will post 4.13 earnings per share for the current year.

Bank of Communications Company Profile

Bank of Communications Co, Ltd. (OTCMKTS: BCMXY) is a major Chinese commercial bank that provides a broad range of banking and financial services to individual, corporate and institutional clients. Founded in the early 20th century, the bank has grown into one of China’s large, systemically important banks and plays a significant role in supporting domestic economic activity, trade and finance. It combines traditional commercial banking functions with modern financial services across multiple customer segments.

The company’s core businesses include retail banking, corporate and investment banking, treasury and financial markets operations, and wealth and asset management.