Hang Seng Bank (OTCMKTS:HSNGY) Shares Cross Below 200 Day Moving Average – Here’s Why

Hang Seng Bank Limited (OTCMKTS:HSNGY) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Wall Street Analysts Forecast Growth

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

Hang Seng Bank Stock Performance

The stock has a 50-day moving average price of $13.36 and a 200 day moving average price of $12.59.

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 issued 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.