BOC Hong Kong (OTCMKTS:BHKLY) Shares Gap Down – Here’s Why

Shares of BOC Hong Kong Ltd. (OTCMKTS:BHKLY) gapped down before the market opened on Tuesday . The stock had previously closed at $137.0345, but opened at $130.88. BOC Hong Kong shares last traded at $130.7350, with a volume of 348 shares.

Analyst Upgrades and Downgrades

Separately, China Intl Cap raised BOC Hong Kong to a “strong-buy” rating in a research note 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

BOC Hong Kong Price Performance

The business has a 50 day moving average of $127.34 and a 200-day moving average of $118.76. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.68 and a current ratio of 0.68.

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.