Hang Seng Bank (OTCMKTS:HSNGY) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Hang Seng Bank Limited (OTCMKTS:HSNGY) crossed 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 Upgrades and Downgrades

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.

Hang Seng Bank Stock Performance

The business’s 50-day moving average is $13.36 and its two-hundred day moving average is $12.59.

Hang Seng Bank Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, April 7th. Stockholders of record on Wednesday, March 5th will be given 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

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.