Hang Seng Bank (OTCMKTS:HSNGY) Sets New 1-Year Low – Should You Sell?

Hang Seng Bank Ltd. (OTCMKTS:HSNGY) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $4.58 and last traded at $4.58, with a volume of 4470797 shares trading hands. The stock had previously closed at $19.6550.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HSNGY shares. UBS Group downgraded shares of Hang Seng Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, July 31st. Zacks Research upgraded shares of Hang Seng Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Two 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, Hang Seng Bank presently has a consensus rating of “Reduce”.

Hang Seng Bank Stock Performance

The company has a 50 day moving average of $17.20 and a 200-day moving average of $15.49.

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.