BOC Hong Kong (OTCMKTS:BHKLY) Stock Jumps 7.9% – Time to Buy?

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) shot up 7.9% on Friday. The stock traded as high as $135.38 and last traded at $135.38. 398 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 3,619 shares. The stock had previously closed at $125.4510.

Wall Street Analyst Weigh In

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

BOC Hong Kong Stock Up 4.1%

The business has a fifty day moving average of $129.77 and a two-hundred day moving average of $118.61.

BOC Hong Kong Company Profile

BOC Hong Kong (Holdings) Limited is the holding company of Bank of China (Hong Kong) Limited, a major commercial banking group based in Hong Kong. Through its principal subsidiary, the group provides personal and business banking services, including deposits, lending, mortgages, credit cards, wealth management, insurance distribution and payment services.

The group also serves corporate and institutional customers through trade finance, cash management, syndicated lending, investment banking, foreign exchange, treasury and securities-related services.