Hang Seng Bank (OTCMKTS:HSNGY) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Hang Seng Bank Limited (OTCMKTS:HSNGY) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 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.

Analyst Upgrades and Downgrades

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 Trading Up 1.6 %

The business has a fifty day simple moving average of $13.20 and a 200 day simple moving average of $12.50.

Hang Seng Bank Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, April 7th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.4115 per share. The ex-dividend date is Wednesday, March 5th. This is a boost 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.