Hang Seng Bank (OTCMKTS:HSNGY) Hits New 52-Week High - What's Next?

Key Points

• Hang Seng Bank Ltd. shares reached a new 52-week high, trading at $16.34, which marks a significant increase from its previous close of $15.66.
• The bank has a debt-to-equity ratio of 0.19 and a dividend yield of 5.7%, following the recent declaration of a dividend of $0.1476 per share.
• Hang Seng Bank provides various banking services through five segments, catering to individual, corporate, and institutional customers in Hong Kong and internationally.

Shares of Hang Seng Bank Ltd. (OTCMKTS:HSNGY - ) hit a new 52-week high on Monday . The stock traded as high as $16.34 and last traded at $16.34, with a volume of 668 shares changing hands. The stock had previously closed at $15.66.

Hang Seng Bank Stock Performance

The stock's 50-day simple moving average is $14.76 and its 200 day simple moving average is $13.71. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.74 and a quick ratio of 0.74.

Hang Seng Bank Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 16th were paid a dividend of $0.1476 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a yield of 5.7%.

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.

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