Hang Seng Bank (OTCMKTS:HSNGY) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Shares of Hang Seng Bank Limited (OTCMKTS:HSNGY) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.58 and traded as low as $12.12. Hang Seng Bank shares last traded at $12.66, with a volume of 8,968 shares.

Wall Street Analysts Forecast Growth

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

Hang Seng Bank Trading Down 5.5 %

The company’s fifty day simple moving average is $13.36 and its two-hundred day simple moving average is $12.58.

Hang Seng Bank Increases Dividend

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

About Hang Seng Bank

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.