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Oversea-Chinese Banking (OTCMKTS:OVCHY) Shares Gap Down - Here's What Happened

Oversea-Chinese Banking logo with Finance background

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $26.21, but opened at $25.26. Oversea-Chinese Banking shares last traded at $25.26, with a volume of 246 shares changing hands.

Oversea-Chinese Banking Stock Down 4.0%

The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.52. The company's 50-day moving average price is $25.02 and its 200-day moving average price is $24.97.

Oversea-Chinese Banking Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th were issued a dividend of $0.2376 per share. This represents a yield of 5.78%. The ex-dividend date of this dividend was Monday, April 28th.

About Oversea-Chinese Banking

(Get Free Report)

Oversea-Chinese Banking Corporation Limited engages in the provision of financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally. The company's Global Consumer/Private Banking segment provides products and services to individual customers, including checking accounts, and savings and fixed deposits; housing and other personal loans; credit cards; wealth management products consisting of unit trusts, banc assurance products, and structured deposits; and brokerage services.

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