Hang Seng Bank (OTCMKTS:HSNGY) Shares Cross Above 50-Day Moving Average – Time to Sell?

Hang Seng Bank Limited (OTCMKTS:HSNGY)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $12.99 and traded as high as $14.10. Hang Seng Bank shares last traded at $13.91, with a volume of 17,883 shares traded.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Hang Seng Bank from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 19th.

Hang Seng Bank Stock Up 0.1 %

The company’s 50 day moving average price is $12.99 and its two-hundred day moving average price is $12.43.

Hang Seng Bank Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, April 7th. Stockholders of record on Wednesday, March 5th will be issued a $0.4115 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This is a boost from Hang Seng Bank’s previous dividend of $0.14.

Hang Seng Bank Company Profile

Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprises, and institutional customers in Hong Kong, the Mainland of China, and internationally. It operates through five segments: Wealth and Personal Banking, Commercial Banking, Global Banking, Global Markets, and Other.