BOC Aviation (OTCMKTS:BCVVF) Stock Price Down 14.7% – Here’s Why

BOC Aviation Limited (OTCMKTS:BCVVF – Get Free Report) dropped 14.7% during trading on Friday. The stock traded as low as C$8.36 and last traded at C$8.36. Approximately 800 shares traded hands during trading, an increase of 23% from the average daily volume of 650 shares. The stock had previously closed at C$9.80.

BOC Aviation Stock Down 14.7%

The company’s 50 day moving average price is C$9.62 and its two-hundred day moving average price is C$9.61.

BOC Aviation Company Profile

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BOC Aviation Limited is a Singapore-based global aircraft operating leasing company and a subsidiary of Bank of China. The company provides aircraft leasing and fleet-management services to airlines, helping carriers acquire and operate commercial aircraft without purchasing the planes outright.

Its business includes operating leases, aircraft acquisition and sale, lease management, and related technical and asset-management services. BOC Aviation’s portfolio primarily consists of Airbus and Boeing commercial aircraft, serving airlines across Asia-Pacific, Europe, North America, the Middle East and other international markets.

The company traces its origins to Singapore Aircraft Leasing Enterprise, which was established in 1993 and acquired by Bank of China in 2006.

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