BOC Hong Kong (OTCMKTS:BHKLY) Sets New 1-Year High – Here’s Why

BOC Hong Kong Ltd. (OTCMKTS:BHKLY)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $119.00 and last traded at $119.00, with a volume of 1680 shares trading hands. The stock had previously closed at $117.85.

Wall Street Analyst Weigh In

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

BOC Hong Kong Price Performance

The firm has a 50 day simple moving average of $110.84 and a 200-day simple moving average of $105.37.

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.