Shares of BOC Hong Kong Ltd. (OTCMKTS:BHKLY - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $87.68, but opened at $91.00. BOC Hong Kong shares last traded at $90.81, with a volume of 408 shares traded.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group lowered shares of BOC Hong Kong from a "strong-buy" rating to a "neutral" rating in a research note on Tuesday, April 15th.
Read Our Latest Stock Analysis on BOC Hong Kong
BOC Hong Kong Price Performance
The business has a 50-day moving average of $87.87 and a 200 day moving average of $77.21. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.23.
BOC Hong Kong Increases Dividend
The firm also recently declared a dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be given a dividend of $3.6389 per share. The ex-dividend date is Wednesday, July 2nd. This represents a dividend yield of 6.43%. This is a positive change 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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