BOC Hong Kong (OTCMKTS:BHKLY) Shares Gap Down – What’s Next?

BOC Hong Kong Ltd. (OTCMKTS:BHKLY)’s share price gapped down prior to trading on Monday. The stock had previously closed at $131.2395, but opened at $121.6250. BOC Hong Kong shares last traded at $121.57, with a volume of 2,378 shares changing hands.

Wall Street Analyst Weigh In

Separately, China Intl Cap upgraded BOC Hong Kong to a “strong-buy” rating in a research report on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, BOC Hong Kong presently has a consensus rating of “Strong Buy”.

BOC Hong Kong Trading Up 2.9%

The company has a 50-day moving average price of $129.43 and a 200-day moving average price of $119.05.

About BOC Hong Kong

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.