BOC Hong Kong (OTCMKTS:BHKLY) Shares Gap Up – Time to Buy?

Shares of BOC Hong Kong Ltd. (OTCMKTS:BHKLY) gapped up prior to trading on Wednesday . The stock had previously closed at $123.86, but opened at $131.50. BOC Hong Kong shares last traded at $131.50, with a volume of 1,023 shares.

Wall Street Analyst Weigh In

Separately, China Intl Cap upgraded 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.com, the company presently has a consensus rating of “Strong Buy”.

BOC Hong Kong Stock Performance

The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.24. The company’s 50-day simple moving average is $125.33 and its 200 day simple moving average is $118.14.

About BOC Hong Kong

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.