BOC Hong Kong (OTCMKTS:BHKLY) Shares Gap Down – Here’s What Happened

BOC Hong Kong Ltd. (OTCMKTS:BHKLY)’s share price gapped down before the market opened 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.

Wall Street Analysts Forecast Growth

Separately, China Intl Cap raised shares of BOC Hong Kong to a “strong-buy” rating in a research 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 stock. According to data from MarketBeat, BOC Hong Kong presently has a consensus rating of “Strong Buy”.

BOC Hong Kong Stock Performance

The company has a 50 day moving average of $129.85 and a 200-day moving average of $118.76.

BOC Hong Kong Company Profile

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.