Bank of East Asia (OTCMKTS:BKEAY) Stock Price Passes Above 50-Day Moving Average - Here's Why

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)'s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 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 changing hands.

Analyst Upgrades and Downgrades

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

Bank of East Asia Stock Performance

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