BOC Hong Kong (OTCMKTS:BHKLY) Shares Down 8.6% – Here’s Why

Shares of BOC Hong Kong Ltd. (OTCMKTS:BHKLY) fell 8.6% during trading on Tuesday . The stock traded as low as $123.86 and last traded at $123.86. Approximately 1,180 shares traded hands during trading, a decline of 69% from the average daily volume of 3,825 shares. The stock had previously closed at $135.50.

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, the company has a consensus rating of “Strong Buy”.

BOC Hong Kong Trading Down 8.6%

The business’s fifty day moving average price is $125.06 and its 200-day moving average price is $118.06. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.68 and a current ratio of 0.68.

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.