BOC Hong Kong (OTCMKTS:BHKLY) Shares Up 0.1% - Here's What Happened

Key Points

• BOC Hong Kong's share price increased by 0.1% to $94.12, despite a significant decline in trading volume, down 86% from the average session.
• Goldman Sachs downgraded the stock from a "strong-buy" rating to a "neutral" rating in a recent research report.
• The company announced a substantial dividend increase, raising it from $0.73 to $3.6389, reflecting a yield of 643.0%.

BOC Hong Kong Ltd. (OTCMKTS:BHKLY - Get Free Report)'s share price shot up 0.1% on Monday . The company traded as high as $94.37 and last traded at $94.12. 1,316 shares changed hands during trading, a decline of 86% from the average session volume of 9,523 shares. The stock had previously closed at $94.00.

Wall Street Analysts Forecast Growth

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 Up 0.1%

The company has a debt-to-equity ratio of 0.23, a current ratio of 0.70 and a quick ratio of 0.70. The company has a 50-day moving average of $91.12 and a 200 day moving average of $81.62.

BOC Hong Kong Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 3rd were given a $3.6389 dividend. This is an increase from BOC Hong Kong's previous dividend of $0.73. This represents a yield of 643.0%. The ex-dividend date was 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.

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