Hang Seng Bank (OTCMKTS:HSNGY) Sees Unusually-High Trading Volume – What’s Next?

Hang Seng Bank Ltd. (OTCMKTS:HSNGYGet Free Report) shares saw unusually-high trading volume on Monday . Approximately 5,320 shares were traded during mid-day trading, an increase of 275% from the previous session’s volume of 1,417 shares.The stock last traded at $19.80 and had previously closed at $19.93.

Analysts Set New Price Targets

Separately, Zacks Research raised Hang Seng Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Hang Seng Bank currently has an average rating of “Reduce”.

View Our Latest Report on HSNGY

Hang Seng Bank Price Performance

The company’s 50-day moving average price is $19.58 and its 200 day moving average price is $17.06.

About Hang Seng Bank

(Get Free Report)

Hang Seng Bank is a Hong Kong-based banking group that provides a broad range of financial services to retail, commercial and institutional customers. Founded in 1933, the bank has grown into one of the region’s prominent lenders and is majority-owned by the HSBC Group. Hang Seng offers traditional banking functions alongside specialized services tailored to personal and corporate clients.

Core businesses include retail banking and wealth management, commercial and corporate banking, private banking, and treasury and markets.

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