The Goldman Sachs Group initiated coverage on shares of Bank of East Asia (OTCMKTS:BKEAY – Get Rating) in a research note released on Monday morning, The Fly reports. The firm issued a neutral rating on the bank's stock.

Separately, HSBC lowered shares of Bank of East Asia from a buy rating to a hold rating in a research note on Tuesday, May 31st.

Bank of East Asia Stock Performance

OTCMKTS BKEAY opened at $1.16 on Monday. The firm has a 50 day simple moving average of $1.25 and a 200-day simple moving average of $1.38. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.93 and a quick ratio of 0.93. Bank of East Asia has a one year low of $1.16 and a one year high of $1.82.

Bank of East Asia Cuts Dividend

About Bank of East Asia

(Get Rating)

The Bank of East Asia, Limited, together with its subsidiaries, provides various banking and related financial services. Its personal banking services include corporate, individual, savings, current, time deposit, and supreme accounts; and fixed and call deposits, foreign currency deposits, MAS services, and auto-payroll products, as well as safe deposit boxes and remittance services.

Read More

• Get a free copy of the StockNews.com research report on Bank of East Asia (BKEAY)
• Is There a Cure for What is Ailing Teladoc Stock?
• No One Told These 3 Stocks It's a Down Week
• Why Medical Products Maker Repligen May Be A Potential Buy
• At 10%, Is Arbor Realty Trust Dividend Worth It?
• Investors Should Tune Into RF Industries

Receive News & Ratings for Bank of East Asia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of East Asia and related companies with MarketBeat.com's FREE daily email newsletter.