The Bank of East Asia (OTCMKTS:BKEAY) Stock Crosses Below 50 Day Moving Average of $2.28

Shares of The Bank of East Asia, Limited (OTCMKTS:BKEAY) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $2.28 and traded as low as $2.02. The Bank of East Asia shares last traded at $2.10, with a volume of 2,408 shares traded.

Separately, Zacks Investment Research upgraded The Bank of East Asia from a “hold” rating to a “buy” rating and set a $2.25 price objective on the stock in a research note on Wednesday.

The stock has a 50-day moving average of $2.28 and a two-hundred day moving average of $2.10. The company has a market cap of $6.10 billion, a P/E ratio of 19.00, a price-to-earnings-growth ratio of 0.91 and a beta of 0.75.

The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, April 19th. Shareholders of record on Thursday, March 11th will be issued a dividend of $0.027 per share. The ex-dividend date is Wednesday, March 10th. The Bank of East Asia’s dividend payout ratio is presently 45.45%.

The Bank of East Asia Company Profile (OTCMKTS:BKEAY)

The Bank of East Asia, Limited, together with its subsidiaries, provides various banking and related financial services. The company operates through seven segments: Personal Banking, Corporate Banking, Treasury Markets, Wealth Management, Other Hong Kong Operations, Mainland China Operations, and Overseas Operations.

Further Reading: The four types of profit margin

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