BOC Hong Kong (OTCMKTS:BHKLY) Reaches New 52-Week High – Should You Buy?

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $140.00 and last traded at $140.00, with a volume of 169 shares trading hands. The stock had previously closed at $131.52.

Analyst Upgrades and Downgrades

Separately, China Intl Cap raised shares of BOC Hong Kong to a “strong-buy” rating in a research note on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

BOC Hong Kong Price Performance

The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.24. The business has a 50 day simple moving average of $125.81 and a 200-day simple moving average of $118.30.

About BOC Hong Kong

BOC Hong Kong (Holdings) Limited is a financial services holding company whose principal operating subsidiary is Bank of China (Hong Kong) Limited. The group provides commercial and retail banking services to individuals, businesses, corporations and institutional clients, with Hong Kong as its primary market.

Its services include deposit accounts, personal and commercial loans, mortgages, credit cards, payment and remittance services, wealth management, investment products, insurance distribution, foreign exchange and treasury services.