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Hang Seng Bank (OTCMKTS:HSNGY) Stock Crosses Above 50 Day Moving Average - Here's Why

Hang Seng Bank logo with Finance background
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Hang Seng Bank Limited (OTCMKTS:HSNGY - Get Free Report)'s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $13.20 and traded as high as $13.83. Hang Seng Bank shares last traded at $13.76, with a volume of 8,397 shares.

Wall Street Analyst Weigh In

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

Check Out Our Latest Analysis on HSNGY

Hang Seng Bank Stock Down 0.2 %

The business has a fifty day moving average price of $13.26 and a two-hundred day moving average price of $12.54.

Hang Seng Bank Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, April 7th. Shareholders 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 a positive change from Hang Seng Bank's previous dividend of $0.14.

About Hang Seng Bank

(Get Free Report)

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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