BOC Hong Kong (OTCMKTS:BHKLY) Shares Gap Down - What's Next?

BOC Hong Kong Ltd. (OTCMKTS:BHKLY - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $94.26, but opened at $88.94. BOC Hong Kong shares last traded at $88.94, with a volume of 7,256 shares.

Analyst Upgrades and Downgrades

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

BOC Hong Kong Trading Down 0.8%

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 stock's fifty day moving average price is $89.39 and its 200-day moving average price is $78.79.

BOC Hong Kong Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be issued a $3.6389 dividend. This is a boost 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

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.