BOC Hong Kong (OTCMKTS:BHKLY) Trading Down 8.6% – Here’s Why

BOC Hong Kong Ltd. (OTCMKTS:BHKLY)’s stock price fell 8.6% during trading on Tuesday . The company traded as low as $123.86 and last traded at $123.86. 1,180 shares traded hands during trading, a decline of 69% from the average daily volume of 3,825 shares. The stock had previously closed at $135.50.

Wall Street Analysts Forecast Growth

Separately, China Intl Cap raised shares of BOC Hong Kong to a “strong-buy” rating in a report on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Strong Buy”.

BOC Hong Kong Stock Performance

The stock has a 50-day moving average of $125.81 and a 200-day moving average of $118.30. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.68 and a current ratio of 0.68.

About BOC Hong Kong

BOC Hong Kong (Holdings) Limited is a financial services holding company whose principal operating subsidiary is Bank of China (Hong Kong) Limited. The group provides commercial and retail banking services to individuals, businesses, corporations and institutional clients, with Hong Kong as its primary market.

Its services include deposit accounts, personal and commercial loans, mortgages, credit cards, payment and remittance services, wealth management, investment products, insurance distribution, foreign exchange and treasury services.