The Bank of East Asia, Limited (OTCMKTS:BKEAY – Get Rating)'s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $1.25 and traded as low as $1.23. Bank of East Asia shares last traded at $1.29, with a volume of 23,418 shares traded.
Wall Street Analysts Forecast Growth
BKEAY has been the subject of several recent research reports. HSBC lowered shares of Bank of East Asia from a "buy" rating to a "hold" rating in a research report on Tuesday, May 31st. The Goldman Sachs Group initiated coverage on shares of Bank of East Asia in a research report on Monday, September 12th. They issued a "neutral" rating for the company.
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Bank of East Asia Stock Up 1.2 %
The firm's 50-day moving average price is $1.25 and its 200-day moving average price is $1.38. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.05.
Bank of East Asia Cuts Dividend
The company also recently announced a dividend, which will be paid on Monday, October 10th. Stockholders of record on Wednesday, September 7th will be paid a $0.0179 dividend. The ex-dividend date is Tuesday, September 6th. This represents a dividend yield of 4.77%.
About Bank of East Asia
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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.
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