BOC Hong Kong (OTCMKTS:BHKLY) Hits New 52-Week High – Time to Buy?

BOC Hong Kong Ltd. (OTCMKTS:BHKLY)’s stock price hit a new 52-week high on Thursday . The company traded as high as $134.62 and last traded at $134.62, with a volume of 482 shares traded. The stock had previously closed at $128.11.

Analyst Upgrades and Downgrades

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 research analyst has rated the stock with a Buy rating, According to MarketBeat.com, BOC Hong Kong has a consensus rating of “Buy”.

BOC Hong Kong Stock Performance

The company has a fifty day simple moving average of $121.97 and a 200-day simple moving average of $115.44. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.68 and a current ratio of 0.68.

BOC Hong Kong Company Profile

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.