Hang Seng Bank (OTCMKTS:HSNGY) Shares Pass Above 50 Day Moving Average - Here's What Happened

Hang Seng Bank Limited (OTCMKTS:HSNGY - Get Free Report) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $12.78 and traded as high as $13.87. Hang Seng Bank shares last traded at $13.79, with a volume of 2,651 shares traded.

Analyst Ratings Changes

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

Hang Seng Bank Price Performance

The stock has a 50 day moving average of $12.78 and a 200 day moving average of $12.35.

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 is Wednesday, March 5th. This is an increase from Hang Seng Bank's previous dividend of $0.14.

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.

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