BOC Hong Kong (OTCMKTS:BHKLY) Sets New 12-Month Low – Should You Sell?

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $17.2750 and last traded at $17.2750, with a volume of 13356423 shares traded. The stock had previously closed at $111.26.

BOC Hong Kong Price Performance

The firm’s 50 day simple moving average is $102.59 and its 200-day simple moving average is $98.19.

BOC Hong Kong Company Profile

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.