Hang Seng Bank Ltd. (OTCMKTS:HSNGY - Get Free Report)'s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $14.90 and traded as low as $14.31. Hang Seng Bank shares last traded at $14.32, with a volume of 7,101 shares.
Wall Street Analyst Weigh In
Separately, UBS Group downgraded Hang Seng Bank from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Hang Seng Bank has a consensus rating of "Reduce".
Check Out Our Latest Stock Report on Hang Seng Bank
Hang Seng Bank Stock Performance
The business has a 50-day simple moving average of $14.90 and a two-hundred day simple moving average of $14.10. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.19.
Hang Seng Bank Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be given a dividend of $0.1456 per share. The ex-dividend date is Thursday, August 14th. This represents a yield of 564.0%.
Hang Seng Bank Company Profile
(
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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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