Bank of East Asia (OTCMKTS:BKEAY) Stock Crosses Above Fifty Day Moving Average - Here's What Happened

Key Points

• The Bank of East Asia Ltd. stock crossed above its fifty day moving average of $1.49, trading as high as $1.58 during recent trading sessions.
• Analysts from The Goldman Sachs Group have downgraded Bank of East Asia to a "sell" rating as of April 15th.
• The stock shows a fifty day moving average of $1.49 and a 200 day simple moving average of $1.39, indicating potential shifts in price trends.

The Bank of East Asia Ltd. (OTCMKTS:BKEAY - Get Free Report) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $1.49 and traded as high as $1.58. Bank of East Asia shares last traded at $1.58, with a volume of 2,832 shares.

Analysts Set New Price Targets

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

Bank of East Asia Stock Performance

The business has a fifty day simple moving average of $1.49 and a 200 day simple moving average of $1.39.

About Bank of East Asia

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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