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

BOC Hong Kong Ltd. (OTCMKTS:BHKLY)’s share price gapped up before the market opened on Thursday. The stock had previously closed at $121.8270, but opened at $130.87. BOC Hong Kong shares last traded at $130.87, with a volume of 255 shares.

Wall Street Analysts Forecast Growth

Separately, China Intl Cap raised 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 assigned a Buy rating to the stock. According to MarketBeat, BOC Hong Kong presently has an average rating of “Strong Buy”.

BOC Hong Kong Price Performance

The firm has a fifty day simple moving average of $129.80 and a 200 day simple moving average of $118.48.

BOC Hong Kong Company Profile

BOC Hong Kong (Holdings) Limited is the holding company of Bank of China (Hong Kong) Limited, a major commercial banking group based in Hong Kong. Through its principal subsidiary, the group provides personal and business banking services, including deposits, lending, mortgages, credit cards, wealth management, insurance distribution and payment services.

The group also serves corporate and institutional customers through trade finance, cash management, syndicated lending, investment banking, foreign exchange, treasury and securities-related services.