Bank of Communications (OTCMKTS:BCMXY) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Bank of Communications Co., Ltd. (OTCMKTS:BCMXY) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $19.35 and traded as high as $20.00. Bank of Communications shares last traded at $20.00, with a volume of 558 shares traded.

Bank of Communications Price Performance

The stock’s 50-day moving average is $19.35 and its 200 day moving average is $18.53. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $59.41 billion, a PE ratio of 4.98 and a beta of -0.05.

Bank of Communications Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 17th will be issued a $0.4913 dividend. The ex-dividend date of this dividend is Friday, January 17th. Bank of Communications’s dividend payout ratio is presently 24.38%.

Bank of Communications Company Profile

Bank of Communications Co, Ltd. provides commercial banking products and services in China. The company offers savings deposit products, including demand deposits, lump-sum deposits and withdrawal, time deposit of small savings for lump-sum withdrawal, interest withdrawal on principal deposited, time-demand deposit, call deposit, swap management, and education deposit; personal certificate of deposit; salary financing A; and foreign currency deposit.