DBS Group (OTCMKTS:DBSDY) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

DBS Group Holdings Ltd (OTCMKTS:DBSDY) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $187.33 and traded as high as $198.07. DBS Group shares last traded at $196.46, with a volume of 18,666 shares trading hands.

Wall Street Analyst Weigh In

Separately, Macquarie Infrastructure raised DBS Group to a “hold” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

DBS Group Trading Up 0.5%

The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.15. The company’s 50 day moving average price is $187.33 and its two-hundred day moving average price is $180.73.

About DBS Group

DBS Group (OTCMKTS: DBSDY) is a Singapore-based financial services group headquartered in Marina Bay, Singapore. Established in 1968 as the Development Bank of Singapore, the group has grown into one of the region’s largest banks, offering a broad range of banking and financial services to retail, corporate and institutional clients.

DBS’s main business activities include consumer and private banking, corporate and investment banking, treasury and markets, securities brokerage, and asset and wealth management.