BOC Hong Kong (OTCMKTS:BHKLY) Reaches New 12-Month High – Time to Buy?

BOC Hong Kong Ltd. (OTCMKTS:BHKLY)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $140.00 and last traded at $140.00, with a volume of 169 shares trading hands. The stock had previously closed at $131.52.

Analyst Ratings Changes

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

BOC Hong Kong Price Performance

The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average price of $126.78 and a two-hundred day moving average price of $118.53.

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.