BOC Hong Kong (OTCMKTS:BHKLY) Trading Down 0.6% - Should You Sell?

BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY - Get Free Report) traded down 0.6% on Wednesday . The stock traded as low as $84.25 and last traded at $84.25. 4,735 shares traded hands during trading, a decline of 37% from the average session volume of 7,528 shares. The stock had previously closed at $84.79.

Analyst Upgrades and Downgrades

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

BOC Hong Kong Stock Down 0.5%

The company has a 50 day moving average price of $78.35 and a 200-day moving average price of $70.12.

BOC Hong Kong Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.7284 per share. This represents a dividend yield of 6.09%. The ex-dividend date is Thursday, May 15th.

BOC Hong Kong Company Profile

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.