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BOC Hong Kong (OTCMKTS:BHKLY) Shares Gap Down - Should You Sell?

BOC Hong Kong logo with Finance background

Shares of BOC Hong Kong Ltd. (OTCMKTS:BHKLY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $95.52, but opened at $88.38. BOC Hong Kong shares last traded at $89.88, with a volume of 6,255 shares trading hands.

Analyst Upgrades and Downgrades

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

Read Our Latest Report on BHKLY

BOC Hong Kong Stock Down 5.5%

The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.23. The stock's fifty day moving average price is $86.19 and its two-hundred day moving average price is $75.79.

BOC Hong Kong Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 16th were given a dividend of $0.7284 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a yield of 6.09%.

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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