Bank of Queensland (OTCMKTS:BKQNY) Shares Down 5.5% – Here’s Why

Shares of Bank of Queensland Limited (OTCMKTS:BKQNYGet Free Report) were down 5.5% during mid-day trading on Wednesday . The stock traded as low as $8.83 and last traded at $8.83. Approximately 1,302 shares traded hands during trading, an increase of 123% from the average daily volume of 583 shares. The stock had previously closed at $9.3450.

Bank of Queensland Stock Performance

The company’s 50-day simple moving average is $9.60 and its 200-day simple moving average is $9.12.

About Bank of Queensland

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Bank of Queensland Limited (OTCMKTS:BKQNY), commonly known as BOQ, is an Australian retail bank offering a broad range of personal, business and corporate banking services. Its core product suite includes home and personal lending, transactional and savings accounts, credit cards, and term deposits. Beyond traditional banking, BOQ provides wealth management and financial planning services, agribusiness and specialist lending, equipment finance solutions, and a variety of insurance products through subsidiary and partner channels.

Founded in 1874 as the Brisbane Permanent Benefit Building and Investment Society, the institution converted to a full commercial bank and adopted its current name in 1970.

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