Bank of Communications (OTCMKTS:BCMXY) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Bank of Communications Co., Ltd. (OTCMKTS:BCMXY)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $20.66 and traded as high as $21.80. Bank of Communications shares last traded at $21.80, with a volume of 121 shares changing hands.

Bank of Communications Price Performance

The business has a fifty day moving average of $20.66 and a 200 day moving average of $19.28. The firm has a market cap of $64.76 billion, a P/E ratio of 5.42 and a beta of -0.05.

Bank of Communications Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 17th will be given a $0.4913 dividend. The ex-dividend date is Friday, January 17th. Bank of Communications’s payout ratio is presently 24.63%.

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.