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

Key Points

• The shares of BOC Hong Kong (OTCMKTS:BHKLY) gapped down on Friday, opening at $100.75 after closing at $104.10 the previous day.
• BOC Hong Kong announced a dividend of $0.723 per share, with a yield of 509.0%, to be paid to investors of record by October 3rd.
• The company reported a quick ratio and current ratio of 0.70, indicating potential liquidity concerns, while it maintains a low debt-to-equity ratio of 0.23.

BOC Hong Kong Ltd. (OTCMKTS:BHKLY - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $104.10, but opened at $100.75. BOC Hong Kong shares last traded at $100.75, with a volume of 665 shares traded.

BOC Hong Kong Stock Performance

The firm has a 50-day moving average price of $94.25 and a 200 day moving average price of $86.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.70 and a quick ratio of 0.70.

BOC Hong Kong Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 3rd. Shareholders of record on Monday, September 15th will be given a dividend of $0.723 per share. This represents a dividend yield of 509.0%. The ex-dividend date is Friday, September 12th.

About BOC Hong Kong

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.