Bank of East Asia (OTCMKTS:BKEAY) Shares Gap Down – Should You Sell?

The Bank of East Asia Ltd. (OTCMKTS:BKEAY – Get Free Report) gapped down before the market opened on Monday. The stock had previously closed at $2.35, but opened at $2.20. Bank of East Asia shares last traded at $2.20, with a volume of 1,069 shares changing hands.

Bank of East Asia Stock Performance

The company has a fifty day simple moving average of $2.25 and a 200-day simple moving average of $1.94.

About Bank of East Asia

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The Bank of East Asia, Limited (BEA) is a Hong Kong-based banking group that provides financial services to individuals, businesses and institutions. Its offerings include personal and commercial banking, deposits, lending, mortgages, credit cards, payments, wealth management, investment services, foreign exchange and treasury solutions.

Founded in 1918, BEA has developed a broad presence in Hong Kong and mainland China. The bank also serves customers through operations and representative offices in selected international markets, including Macau, the United Kingdom, the United States and Southeast Asia.

BEA serves corporate and institutional clients with trade finance, cash management, syndicated lending, corporate finance and other cross-border banking services.

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