Bank of East Asia (OTCMKTS:BKEAY) Shares Gap Up – Here’s What Happened

The Bank of East Asia Ltd. (OTCMKTS:BKEAY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $1.80, but opened at $1.89. Bank of East Asia shares last traded at $1.89, with a volume of 120 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded 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 MarketBeat.com, Bank of East Asia has a consensus rating of “Hold”.

Bank of East Asia Stock Performance

The business has a 50-day moving average price of $1.82 and a two-hundred day moving average price of $1.79.

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.