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Bank of East Asia (OTCMKTS:BKEAY) Shares Gap Down - Here's Why

Bank of East Asia logo with Finance background

The Bank of East Asia Ltd. (OTCMKTS:BKEAY - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $1.56, but opened at $1.50. Bank of East Asia shares last traded at $1.50, with a volume of 109 shares changing hands.

Wall Street Analysts Forecast Growth

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

Read Our Latest Analysis on BKEAY

Bank of East Asia Trading Down 3.8%

The company's 50-day moving average is $1.45 and its 200-day moving average is $1.37.

About Bank of East Asia

(Get Free Report)

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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