Hang Seng Bank (OTCMKTS:HSNGY) Shares Cross Above 50-Day Moving Average – Time to Sell?

Hang Seng Bank Limited (OTCMKTS:HSNGY)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $12.99 and traded as high as $14.10. Hang Seng Bank shares last traded at $13.91, with a volume of 17,883 shares.

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 report on Wednesday, February 19th.

Hang Seng Bank Trading Up 0.1 %

The company’s fifty day simple moving average is $12.99 and its 200-day simple moving average is $12.43.

Hang Seng Bank Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 7th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.4115 per share. This is a boost from Hang Seng Bank’s previous dividend of $0.14. The ex-dividend date is Wednesday, March 5th.

Hang Seng Bank Company Profile

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.