Bank of Communications (OTCMKTS:BCMXY) Shares Pass Above 50 Day Moving Average – Time to Sell?

Bank of Communications Co., Ltd. (OTCMKTS:BCMXY) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty 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 changing hands.

Bank of Communications Stock Performance

The stock has a market capitalization of $59.41 billion, a P/E ratio of 4.98 and a beta of -0.02. The company’s fifty day simple moving average is $19.35 and its two-hundred day simple moving average is $18.53. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.94 and a current ratio of 0.94.

Bank of Communications Cuts Dividend

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

About Bank of Communications

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.