Hang Seng Bank (OTCMKTS:HSNGY) Stock Crosses Below 50 Day Moving Average - Time to Sell?

Hang Seng Bank Limited (OTCMKTS:HSNGY - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $13.32 and traded as low as $12.56. Hang Seng Bank shares last traded at $12.75, with a volume of 12,098 shares traded.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Hang Seng Bank from a "strong sell" rating to a "hold" rating in a research report on Wednesday, February 19th.

Hang Seng Bank Stock Performance

The stock has a fifty day moving average price of $13.31 and a 200 day moving average price of $12.58.

Hang Seng Bank Increases Dividend

The company also recently declared a dividend, which was paid on Monday, April 7th. Stockholders of record on Wednesday, March 5th were given a $0.4115 dividend. This is a positive change from Hang Seng Bank's previous dividend of $0.14. The ex-dividend date was 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.