BOC Hong Kong (OTCMKTS:BHKLY) Shares Gap Up – Time to Buy?

BOC Hong Kong Ltd. (OTCMKTS:BHKLY)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $121.8270, but opened at $130.87. BOC Hong Kong shares last traded at $130.87, with a volume of 255 shares changing hands.

Analyst Upgrades and Downgrades

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

BOC Hong Kong Stock Up 4.3%

The firm has a fifty day simple moving average of $129.80 and a two-hundred day simple moving average of $118.48.

About BOC Hong Kong

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.