Bank of East Asia (OTCMKTS:BKEAY) Shares Gap Down - Time to Sell?

Key Points

• The Bank of East Asia's shares gapped down from $1.52 to $1.34 on Tuesday, indicating a decline in stock value.
• Goldman Sachs has downgraded the Bank of East Asia to a "sell" rating in a recent report.
• Currently, the stock is down 11.7%, with a 50-day moving average of $1.48 and a 200-day moving average of $1.39.

The Bank of East Asia Ltd. (OTCMKTS:BKEAY - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $1.52, but opened at $1.34. Bank of East Asia shares last traded at $1.34, with a volume of 649 shares changing hands.

Analysts Set New Price Targets

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

Bank of East Asia Stock Performance

The firm's 50-day moving average price is $1.50 and its 200-day moving average price is $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.