Shares of The Bank of East Asia Ltd. (OTCMKTS:BKEAY – Get Free Report) fell 11% during trading on Wednesday. The company traded as low as $2.27 and last traded at $2.27. Approximately 1,819 shares traded hands during trading, a decline of 30% from the average daily volume of 2,590 shares. The stock had previously closed at $2.55.
Bank of East Asia Price Performance
The stock has a 50 day simple moving average of $2.34 and a two-hundred day simple moving average of $1.94.
About Bank of East Asia
Bank of East Asia, Limited (OTCMKTS:BKEAY) is a Hong Kong-based banking group that provides financial services to individuals, businesses and institutional clients. Established in 1918, the company has developed into one of Hong Kong’s established locally headquartered banks.
The bank’s retail offerings include deposit accounts, personal loans, residential mortgages, credit cards, wealth management, insurance and digital banking services. For corporate and commercial customers, Bank of East Asia provides lending, trade finance, cash management, foreign exchange, treasury and other financial solutions.
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