BOC Hong Kong (OTCMKTS:BHKLY) Shares Gap Up – What’s Next?

BOC Hong Kong Ltd. (OTCMKTS:BHKLY)’s stock price 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 changing hands.

Analysts Set New Price Targets

Separately, China Intl Cap upgraded shares of 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 assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

BOC Hong Kong Trading Up 6.2%

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

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.