BOC Hong Kong (OTCMKTS:BHKLY) Shares Gap Up – Time to Buy?

BOC Hong Kong Ltd. (OTCMKTS:BHKLY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $123.86, but opened at $131.50. BOC Hong Kong shares last traded at $131.50, with a volume of 1,023 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, China Intl Cap upgraded shares of BOC Hong Kong to a “strong-buy” rating in a report on Monday, August 31st. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat.com, BOC Hong Kong has a consensus rating of “Strong Buy”.

BOC Hong Kong Price Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a 50 day moving average price of $126.30 and a two-hundred day moving average price of $118.44.

About BOC Hong Kong

BOC Hong Kong (Holdings) Limited is a financial services holding company whose principal operating subsidiary is Bank of China (Hong Kong) Limited. The group provides commercial and retail banking services to individuals, businesses, corporations and institutional clients, with Hong Kong as its primary market.

Its services include deposit accounts, personal and commercial loans, mortgages, credit cards, payment and remittance services, wealth management, investment products, insurance distribution, foreign exchange and treasury services.