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

Shares of BOC Hong Kong Ltd. (OTCMKTS:BHKLY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $134.04 and last traded at $134.04, with a volume of 163 shares. The stock had previously closed at $132.80.

Wall Street Analyst Weigh In

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

BOC Hong Kong Trading Up 0.9%

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 stock’s 50 day simple moving average is $119.73 and its 200-day simple moving average is $113.15.

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.