Bank of East Asia (OTCMKTS:BKEAY) Shares Gap Down – Should You Sell?

Shares of The Bank of East Asia Ltd. (OTCMKTS:BKEAY) gapped down prior to trading on Friday . The stock had previously closed at $1.99, but opened at $1.7252. Bank of East Asia shares last traded at $1.7252, with a volume of 534 shares.

Analyst Ratings Changes

Separately, Zacks Research upgraded Bank of East Asia to a “hold” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Bank of East Asia presently has an average rating of “Reduce”.

Bank of East Asia Stock Down 13.3%

The company has a fifty day simple moving average of $1.80 and a 200 day simple moving average of $1.68.

About Bank of East Asia

Bank of East Asia, Limited is a Hong Kong–based commercial bank established in 1918. As one of the territory’s largest independently owned banks, it provides a comprehensive range of financial services to retail, corporate and institutional clients. The institution operates through a network of branches and digital channels designed to support both individual consumers and businesses of varying sizes.

The bank’s core offerings include personal banking services such as deposit accounts, consumer and mortgage lending, credit cards and wealth management solutions.