Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $33.50, but opened at $34.78. Oversea-Chinese Banking shares last traded at $33.66, with a volume of 24,015 shares traded.
Wall Street Analyst Weigh In
Separately, Zacks Research cut Oversea-Chinese Banking from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 10th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Oversea-Chinese Banking presently has a consensus rating of "Hold".
Check Out Our Latest Stock Analysis on Oversea-Chinese Banking
Oversea-Chinese Banking Stock Performance
The stock's fifty day moving average is $33.17 and its two-hundred day moving average is $29.72.
Oversea-Chinese Banking Company Profile
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Oversea-Chinese Banking Corporation Limited (commonly known as OCBC) is a Singapore-based regional bank that provides a broad range of banking and financial services to retail, corporate and institutional customers. Its core activities include consumer banking, wealth management, commercial and corporate banking, treasury and markets, trade finance, and transaction banking. OCBC also conducts investment banking activities and offers asset management services, and its group structure includes insurance and other financial services delivered through affiliated subsidiaries and regional units.
The bank traces its origins to a 1932 merger of several Chinese-named banks in Singapore and has since grown into one of the region's larger financial institutions with a significant presence across Southeast Asia and Greater China.
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