Bank of East Asia (OTCMKTS:BKEAY) Shares Down 11.4% - Should You Sell?

Key Points

• Bank of East Asia's shares fell by 11.4%, trading as low as $1.40 after previously closing at $1.58, with trading volume increasing by 48% from the average.
• Goldman Sachs has downgraded Bank of East Asia to a "sell" rating, indicating potential concerns among analysts regarding the stock's future performance.
• The company has a moving average price of $1.50 for the last 50 days and $1.40 for the last 200 days, reflecting current market trends.

Shares of The Bank of East Asia Ltd. (OTCMKTS:BKEAY - Get Free Report) fell 11.4% during mid-day trading on Monday . The company traded as low as $1.40 and last traded at $1.40. 5,254 shares traded hands during trading, an increase of 48% from the average session volume of 3,551 shares. The stock had previously closed at $1.58.

Analyst Upgrades and Downgrades

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

Bank of East Asia Price Performance

The company has a 50-day moving average price of $1.50 and a 200 day moving average price of $1.40.

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.

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