BOC Hong Kong Ltd. (OTCMKTS:BHKLY – Get Free Report)’s share price passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $129.85 and traded as high as $135.38. BOC Hong Kong shares last traded at $131.2395, with a volume of 3,889 shares changing hands.
Analyst Upgrades and Downgrades
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 issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.
View Our Latest Analysis on BOC Hong Kong
BOC Hong Kong Price Performance
The firm’s 50-day simple moving average is $129.85 and its 200-day simple moving average is $118.76.
BOC Hong Kong Company Profile
BOC Hong Kong (Holdings) Limited is the holding company of Bank of China (Hong Kong) Limited, a major commercial banking group based in Hong Kong. Through its principal subsidiary, the group provides personal and business banking services, including deposits, lending, mortgages, credit cards, wealth management, insurance distribution and payment services.
The group also serves corporate and institutional customers through trade finance, cash management, syndicated lending, investment banking, foreign exchange, treasury and securities-related services.
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