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BOC Hong Kong (OTCMKTS:BHKLY) Sees Strong Trading Volume - Time to Buy?

BOC Hong Kong logo with Finance background

BOC Hong Kong Ltd. (OTCMKTS:BHKLY - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 42,807 shares were traded during mid-day trading, an increase of 559% from the previous session's volume of 6,497 shares.The stock last traded at $93.85 and had previously closed at $91.22.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded BOC Hong Kong from a "strong-buy" rating to a "neutral" rating in a report on Tuesday, April 15th.

Read Our Latest Analysis on BOC Hong Kong

BOC Hong Kong Price Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a fifty day moving average of $87.61 and a 200-day moving average of $77.00.

BOC Hong Kong Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 3rd will be issued a $3.6389 dividend. This is an increase from BOC Hong Kong's previous dividend of $0.73. This represents a yield of 6.43%. The ex-dividend date of this dividend is Wednesday, July 2nd.

BOC Hong Kong Company Profile

(Get Free Report)

BOC Hong Kong (Holdings) Limited, an investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally. The company operates through four segments: Personal Banking, Corporate Banking, Treasury, and Insurance. It offers savings, current, and time deposit accounts; mortgage plans; corporate deposits, and payroll and e-cheques services.

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