BOC Hong Kong (OTCMKTS:BHKLY) Reaches New 1-Year High – Here’s What Happened

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) hit a new 52-week high on Thursday . The company traded as high as $134.04 and last traded at $134.04, with a volume of 163 shares trading hands. The stock had previously closed at $132.80.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of BOC Hong Kong from a “neutral” rating to a “buy” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, BOC Hong Kong has an average rating of “Buy”.

BOC Hong Kong Trading Down 1.0%

The stock’s 50 day moving average is $120.25 and its 200 day moving average is $113.53. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.24.

About BOC Hong Kong

BOC Hong Kong (OTCMKTS: BHKLY) is a Hong Kong-based banking group that operates as the Hong Kong subsidiary of Bank of China. The group is a licensed bank and one of the territory’s note-issuing banks, participating in the issuance of Hong Kong dollar banknotes. It provides a broad range of banking and financial services to retail, corporate and institutional clients, positioning itself as a major participant in Hong Kong’s financial services sector.

BOC Hong Kong’s businesses include retail banking services such as deposit accounts, mortgages, personal loans and credit cards, together with wealth management and private banking solutions.