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BOC Hong Kong (OTCMKTS:BHKLY) Sets New 12-Month High - Still a Buy?

BOC Hong Kong logo with Finance background

BOC Hong Kong Ltd. (OTCMKTS:BHKLY - Get Free Report)'s share price hit a new 52-week high on Monday . The company traded as high as $97.28 and last traded at $97.28, with a volume of 100 shares changing hands. The stock had previously closed at $92.68.

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on BHKLY

BOC Hong Kong Trading Down 0.9%

The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.23. The business's fifty day moving average is $89.39 and its 200-day moving average is $78.79.

BOC Hong Kong Increases Dividend

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

About BOC Hong Kong

(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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