Bank Hapoalim (OTCMKTS:BKHYY) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Bank Hapoalim (OTCMKTS:BKHYY) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $125.13 and traded as low as $116.75. Bank Hapoalim shares last traded at $118.58, with a volume of 25,319 shares trading hands.

Bank Hapoalim Stock Performance

The firm’s 50 day moving average price is $121.41 and its 200-day moving average price is $125.13. The firm has a market cap of $31.02 billion, a price-to-earnings ratio of 10.99 and a beta of 1.20. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.96 and a quick ratio of 0.96.

Bank Hapoalim (OTCMKTS:BKHYY) last released its earnings results on Thursday, May 14th. The bank reported $2.59 EPS for the quarter, missing the consensus estimate of $2.64 by ($0.05). The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $5.97 billion. Bank Hapoalim had a net margin of 22.10% and a return on equity of 14.38%.

About Bank Hapoalim

Bank Hapoalim B.M. is one of Israel’s largest banking groups, providing a broad range of financial services to retail, corporate and institutional customers. Founded in 1921 by the Histadrut labor federation, the bank has developed into a full-service financial institution offering deposit accounts, consumer and mortgage lending, credit cards, payment services, and branch-based retail banking. It also serves small and medium-sized enterprises with working capital and trade finance solutions.

In addition to traditional retail banking, Bank Hapoalim operates significant corporate and investment banking divisions.