BOC Hong Kong (OTCMKTS:BHKLY) Shares Gap Down – Should You Sell?

Shares of BOC Hong Kong Ltd. (OTCMKTS:BHKLY) gapped down prior to trading on Thursday. The stock had previously closed at $131.00, but opened at $122.49. BOC Hong Kong shares last traded at $122.49, with a volume of 132 shares traded.

Analysts Set New Price Targets

Separately, China Intl Cap raised BOC Hong Kong to a “strong-buy” rating in a report on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat, BOC Hong Kong presently has a consensus rating of “Strong Buy”.

BOC Hong Kong Stock Down 0.7%

The business’s 50 day simple moving average is $130.36 and its 200-day simple moving average is $122.61.

BOC Hong Kong Company Profile

BOC Hong Kong (Holdings) Limited is a Hong Kong-based financial holding company and the parent of Bank of China (Hong Kong) Limited. The group provides banking and related financial services to individuals, businesses, corporations, and institutional customers.

Its principal activities include personal banking, deposits, residential and commercial lending, credit cards, wealth management, insurance distribution, corporate and investment banking, treasury services, foreign exchange, and securities-related services.