DBS Group (OTCMKTS:DBSDY) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

DBS Group Holdings Ltd (OTCMKTS:DBSDY)’s stock price passed 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.

Analysts Set New Price Targets

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

DBS Group Stock Performance

The stock has a fifty day moving average of $187.33 and a 200 day moving average of $180.73. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.15.

DBS Group Company Profile

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.