Bank of East Asia (OTCMKTS:BKEAY) Shares Gap Down – Here’s Why

The Bank of East Asia Ltd. (OTCMKTS:BKEAY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $1.99, but opened at $1.7252. Bank of East Asia shares last traded at $1.7252, with a volume of 534 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Bank of East Asia to a “hold” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Bank of East Asia Stock Down 13.3%

The firm’s fifty day moving average is $1.80 and its 200 day moving average is $1.68.

Bank of East Asia Company Profile

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.