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BOC Hong Kong (OTCMKTS:BHKLY) Stock Price Down 0.6% - Here's Why

BOC Hong Kong logo with Finance background

BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY - Get Free Report)'s stock price traded down 0.6% on Wednesday . The company traded as low as $84.25 and last traded at $84.25. 4,735 shares traded hands during trading, a decline of 37% from the average session volume of 7,528 shares. The stock had previously closed at $84.79.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Report on BOC Hong Kong

BOC Hong Kong Stock Performance

The stock has a 50-day simple moving average of $78.35 and a 200-day simple moving average of $70.12.

BOC Hong Kong Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, June 5th. Investors of record on Friday, May 16th will be given a dividend of $0.7284 per share. This represents a yield of 6.09%. The ex-dividend date of this dividend is Thursday, May 15th.

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.

Further Reading

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