Hang Seng Bank (OTCMKTS:HSNGY) Stock Price Crosses Above Fifty Day Moving Average - Should You Sell?

Hang Seng Bank Limited (OTCMKTS:HSNGY - Get Free Report)'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 trading hands.

Analysts Set New Price Targets

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

Hang Seng Bank Price Performance

The business has a 50 day simple moving average of $13.07 and a two-hundred day simple moving average of $12.46.

Hang Seng Bank Increases Dividend

The business 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. The ex-dividend date of this dividend is Wednesday, March 5th. This is an increase 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.