BOC Hong Kong (OTCMKTS:BHKLY) Sets New 52-Week High – Here’s What Happened

BOC Hong Kong Ltd. (OTCMKTS:BHKLY)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $134.62 and last traded at $134.62, with a volume of 482 shares trading hands. The stock had previously closed at $128.11.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised BOC Hong Kong from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, BOC Hong Kong presently has an average rating of “Buy”.

BOC Hong Kong Stock Up 5.9%

The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.24. The firm has a 50-day simple moving average of $121.56 and a 200 day simple moving average of $115.14.

About BOC Hong Kong

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.