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

Hang Seng Bank logo with Finance background

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

Analyst Ratings Changes

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

Get Our Latest Report on HSNGY

Hang Seng Bank Price Performance

The stock has a 50 day moving average price of $13.32 and a 200 day moving average price of $12.59.

Hang Seng Bank Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, April 7th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.4115 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This is a positive change from Hang Seng Bank's previous dividend of $0.14.

Hang Seng Bank Company Profile

(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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