Bank of East Asia (OTCMKTS:BKEAY) Shares Gap Up – Should You Buy?

The Bank of East Asia Ltd. (OTCMKTS:BKEAY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $1.7420, but opened at $1.8701. Bank of East Asia shares last traded at $1.8701, with a volume of 122 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Bank of East Asia to a “hold” rating in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Bank of East Asia Trading Up 7.4%

The firm has a fifty day moving average price of $1.79 and a two-hundred day moving average price of $1.78.

About Bank of East Asia

Bank of East Asia, Limited is a Hong Kong–based commercial bank established in 1918. As one of the territory’s largest independently owned banks, it provides a comprehensive range of financial services to retail, corporate and institutional clients. The institution operates through a network of branches and digital channels designed to support both individual consumers and businesses of varying sizes.

The bank’s core offerings include personal banking services such as deposit accounts, consumer and mortgage lending, credit cards and wealth management solutions.