Bank of East Asia (OTCMKTS:BKEAY) Shares Gap Up – Time to Buy?

Shares of The Bank of East Asia Ltd. (OTCMKTS:BKEAY) gapped up before the market opened on Wednesday . The stock had previously closed at $1.67, but opened at $1.80. Bank of East Asia shares last traded at $1.80, with a volume of 100 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Bank of East Asia to a “hold” rating in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Bank of East Asia Price Performance

The stock’s 50-day moving average is $1.80 and its 200 day moving average is $1.73.

Bank of East Asia Company Profile

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.