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

DBS Group Holdings Ltd (OTCMKTS:DBSDY) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $185.27 and traded as high as $201.70. DBS Group shares last traded at $200.74, with a volume of 21,929 shares changing hands.

Wall Street Analysts Forecast Growth

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

DBS Group Price Performance

The stock has a fifty day moving average of $185.62 and a 200-day moving average of $179.66. The company has a current ratio of 0.83, a quick 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.