Bank of East Asia (OTCMKTS:BKEAY) Shares Gap Up – Time to Buy?

The Bank of East Asia Ltd. (OTCMKTS:BKEAY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $1.67, but opened at $1.80. Bank of East Asia shares last traded at $1.80, with a volume of 100 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised Bank of East Asia to a “hold” rating in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Bank of East Asia presently has a consensus rating of “Reduce”.

Bank of East Asia Price Performance

The business’s 50 day moving average is $1.81 and its two-hundred day moving average is $1.73.

About Bank of East Asia

Bank of East Asia, Limited is a Hong Kong–based commercial bank established in 1918. As one of the territory’s largest independently owned banks, it provides a comprehensive range of financial services to retail, corporate and institutional clients. The institution operates through a network of branches and digital channels designed to support both individual consumers and businesses of varying sizes.

The bank’s core offerings include personal banking services such as deposit accounts, consumer and mortgage lending, credit cards and wealth management solutions.