Hang Seng Bank (OTCMKTS:HSNGY) Shares Pass Above Fifty Day Moving Average of $18.00

Hang Seng Bank Limited (OTCMKTS:HSNGY) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $18.00 and traded as high as $18.49. Hang Seng Bank shares last traded at $18.49, with a volume of 24,113 shares traded.

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group lowered Hang Seng Bank from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 17th. Zacks Investment Research raised Hang Seng Bank from a “sell” rating to a “hold” rating in a research report on Tuesday, October 5th.

The stock has a 50-day moving average of $17.97 and a 200-day moving average of $19.26. The firm has a market cap of $35.55 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 2.11 and a beta of 0.48. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.81.

The company also recently announced a dividend, which was paid on Monday, September 13th. Investors of record on Monday, August 16th were given a $0.7622 dividend. This represents a yield of 4.02%. The ex-dividend date of this dividend was Friday, August 13th. This is a positive change from Hang Seng Bank’s previous dividend of $0.71. Hang Seng Bank’s dividend payout ratio (DPR) is currently 46.30%.

Hang Seng Bank Company Profile (OTCMKTS:HSNGY)

Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprise, and institutional customers in Hong Kong, Mainland China, and internationally. It operates through four segments: Wealth and Personal Banking, Commercial Banking, Global Banking and Markets, and Other.

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