Bank of East Asia (OTCMKTS:BKEAY) Shares Gap Down – Time to Sell?

The Bank of East Asia Ltd. (OTCMKTS:BKEAY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $1.99, but opened at $1.7252. Bank of East Asia shares last traded at $1.7252, with a volume of 534 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Bank of East Asia to a “hold” rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Bank of East Asia presently has an average rating of “Reduce”.

Bank of East Asia Price Performance

The company’s fifty day moving average is $1.80 and its 200-day moving average is $1.68.

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.