Bank of East Asia (OTCMKTS:BKEAY) Stock Crosses Below 50-Day Moving Average - Here's Why

Shares of The Bank of East Asia, Limited (OTCMKTS:BKEAY - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.37 and traded as low as $1.35. Bank of East Asia shares last traded at $1.35, with a volume of 1,020 shares.

Analysts Set New Price Targets

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

Bank of East Asia Price Performance

The company's 50 day moving average is $1.37 and its 200-day moving average is $1.29.

Bank of East Asia Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, April 21st. Stockholders of record on Thursday, March 6th were issued a dividend of $0.0391 per share. This is a positive change from Bank of East Asia's previous dividend of $0.03. The ex-dividend date of this dividend was Thursday, March 6th.

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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