Bank of East Asia (OTCMKTS:BKEAY) Shares Gap Down – Here’s Why

The Bank of East Asia Ltd. (OTCMKTS:BKEAY) gapped down prior to trading on Tuesday . The stock had previously closed at $1.8545, but opened at $1.76. Bank of East Asia shares last traded at $1.76, with a volume of 300 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Bank of East Asia to a “hold” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Bank of East Asia Stock Up 2.3%

The stock’s fifty day simple moving average is $1.81 and its 200-day simple moving average is $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.