Bank of China (OTCMKTS:BACHY) Hits New 12-Month High – Here’s Why

Bank of China Limited (OTCMKTS:BACHY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $15.20 and last traded at $15.04, with a volume of 40700 shares changing hands. The stock had previously closed at $15.00.

Wall Street Analyst Weigh In

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

Bank of China Price Performance

The stock has a market capitalization of $176.89 billion, a price-to-earnings ratio of 5.89 and a beta of 0.18. The firm has a 50 day simple moving average of $13.53 and a 200-day simple moving average of $12.46.

About Bank of China

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.