Bank of Communications (OTCMKTS:BCMXY) Shares Gap Down – Here’s What Happened

Shares of Bank of Communications Co. (OTCMKTS:BCMXY) gapped down prior to trading on Monday . The stock had previously closed at $23.40, but opened at $21.19. Bank of Communications shares last traded at $21.19, with a volume of 2,132 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research raised Bank of Communications to a “hold” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Bank of Communications Trading Down 2.8%

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of $61.19 billion, a price-to-earnings ratio of 5.63 and a beta of -0.09. The firm’s 50-day moving average is $22.63 and its 200 day moving average is $22.10.

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

About Bank of Communications

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.