Bank of East Asia (OTCMKTS:BKEAY) Sees Large Volume Increase - What's Next?

Key Points

• The Bank of East Asia Ltd. experienced an unusual trading volume, with approximately 3,024 shares changing hands, representing a **16% decline** from the previous session.
• The **Goldman Sachs Group** downgraded the stock to a "sell" rating, indicating a bearish outlook on the bank's performance.
• The stock's 50-day moving average stands at **$1.47**, while the 200-day moving average is at **$1.38**, suggesting modest improvement in price trends.

The Bank of East Asia Ltd. (OTCMKTS:BKEAY - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 3,024 shares were traded during mid-day trading, a decline of 16% from the previous session's volume of 3,618 shares.The stock last traded at $1.56 and had previously closed at $1.54.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded shares of Bank of East Asia to a "sell" rating in a research note on Tuesday, April 15th.

Bank of East Asia Stock Performance

The company's 50 day moving average price is $1.48 and its two-hundred day moving average price is $1.39.

Bank of East Asia Company Profile

The Bank of East Asia, Limited, together with its subsidiaries, provides various banking and related financial services. Its personal banking services include corporate, individual, savings, current, time deposit, and supreme accounts; and time deposits, foreign currency deposits, MAS services, and auto-payroll products, as well as safe deposit boxes and remittance services.