BOC Hong Kong (OTCMKTS:BHKLY) Sets New 1-Year High – Time to Buy?

BOC Hong Kong Ltd. (OTCMKTS:BHKLYGet Free Report) shares reached a new 52-week high on Friday . The company traded as high as $130.37 and last traded at $130.37, with a volume of 585 shares. The stock had previously closed at $121.13.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded BOC Hong Kong from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

Check Out Our Latest Report on BOC Hong Kong

BOC Hong Kong Trading Up 6.2%

The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.24. The firm’s fifty day simple moving average is $118.65 and its two-hundred day simple moving average is $112.30.

About BOC Hong Kong

(Get Free Report)

BOC Hong Kong (OTCMKTS: BHKLY) is a Hong Kong-based banking group that operates as the Hong Kong subsidiary of Bank of China. The group is a licensed bank and one of the territory’s note-issuing banks, participating in the issuance of Hong Kong dollar banknotes. It provides a broad range of banking and financial services to retail, corporate and institutional clients, positioning itself as a major participant in Hong Kong’s financial services sector.

BOC Hong Kong’s businesses include retail banking services such as deposit accounts, mortgages, personal loans and credit cards, together with wealth management and private banking solutions.

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