Oversea-Chinese Banking (OTCMKTS:OVCHY) Sets New 1-Year High – Here’s Why

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $28.24 and last traded at $28.24, with a volume of 10748 shares traded. The stock had previously closed at $26.35.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Oversea-Chinese Banking from a “hold” rating to a “strong sell” rating in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Oversea-Chinese Banking Trading Up 5.3%

The stock has a 50-day moving average price of $25.94 and a 200-day moving average price of $25.77.

Oversea-Chinese Banking Company Profile

Oversea-Chinese Banking Corporation Limited engages in the provision of financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally. The company's Global Consumer/Private Banking segment provides products and services to individual customers, including checking accounts, and savings and fixed deposits; housing and other personal loans; credit cards; wealth management products consisting of unit trusts, banc assurance products, and structured deposits; and brokerage services.