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

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 trading hands.

Analysts Set New Price Targets

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

BOC Hong Kong Price Performance

The firm 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 current ratio of 0.68 and a quick ratio of 0.68.

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.