Bank of East Asia (OTCMKTS:BKEAY) Shares Gap Up – Time to Buy?

The Bank of East Asia Ltd. (OTCMKTS:BKEAY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $1.80, but opened at $1.89. Bank of East Asia shares last traded at $1.89, with a volume of 120 shares changing hands.

Wall Street Analyst Weigh In

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

Bank of East Asia Trading Down 7.3%

The stock has a fifty day simple moving average of $1.82 and a 200 day simple moving average of $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.