BOC Hong Kong (OTCMKTS:BHKLY) Reaches New 12-Month High – Here’s Why

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $140.00 and last traded at $140.00, with a volume of 169 shares. The stock had previously closed at $131.52.

Analysts Set New Price Targets

Separately, China Intl Cap raised shares of BOC Hong Kong to a “strong-buy” rating in a research report on Monday, August 31st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

BOC Hong Kong Price Performance

The business has a 50-day moving average of $125.81 and a 200-day moving average of $118.30. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.24.

BOC Hong Kong Company Profile

BOC Hong Kong (Holdings) Limited is a financial services holding company whose principal operating subsidiary is Bank of China (Hong Kong) Limited. The group provides commercial and retail banking services to individuals, businesses, corporations and institutional clients, with Hong Kong as its primary market.

Its services include deposit accounts, personal and commercial loans, mortgages, credit cards, payment and remittance services, wealth management, investment products, insurance distribution, foreign exchange and treasury services.