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

Hang Seng Bank Ltd. (OTCMKTS:HSNGY) saw unusually-high trading volume on Friday . Approximately 12,191,553 shares traded hands during trading, an increase of 173,891% from the previous session’s volume of 7,007 shares.The stock last traded at $214,748.36 and had previously closed at $19.55.

Wall Street Analysts Forecast Growth

HSNGY has been the subject of a number of analyst reports. UBS Group lowered shares of Hang Seng Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, July 31st. Zacks Research upgraded Hang Seng Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

Hang Seng Bank Stock Performance

The company has a 50 day moving average price of $15.96 and a 200 day moving average price of $14.88.

Hang Seng Bank Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were given a $0.1456 dividend. This represents a dividend yield of 564.0%. The ex-dividend date was Thursday, August 14th.

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.