Bank of China (OTCMKTS:BACHY) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Bank of China Limited (OTCMKTS:BACHY) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $12.51 and traded as high as $13.19. Bank of China shares last traded at $13.15, with a volume of 29,322 shares trading hands.

Wall Street Analyst Weigh In

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

Bank of China Stock Up 1.1 %

The business has a 50-day simple moving average of $12.51 and a 200-day simple moving average of $11.86. The stock has a market cap of $154.85 billion, a P/E ratio of 5.16 and a beta of 0.17.

Bank of China Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, January 14th will be issued a dividend of $0.3231 per share. The ex-dividend date is Tuesday, January 14th. Bank of China’s dividend payout ratio is currently 25.49%.

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.