HANG SENG BK LT/S (OTCMKTS:HSNGY) Shares Pass Below 50 Day Moving Average of $16.90

HANG SENG BK LT/S (OTCMKTS:HSNGY) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $16.90 and traded as low as $16.50. HANG SENG BK LT/S shares last traded at $16.50, with a volume of 17,254 shares traded.

Several equities research analysts have commented on HSNGY shares. Zacks Investment Research upgraded shares of HANG SENG BK LT/S from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Thursday, May 28th. ValuEngine lowered shares of HANG SENG BK LT/S from a “hold” rating to a “sell” rating in a research note on Wednesday, May 27th.

The company’s 50 day simple moving average is $16.89 and its 200 day simple moving average is $19.07.

About HANG SENG BK LT/S (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: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Other.

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