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

DBS Group Holdings Ltd (OTCMKTS:DBSDY) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $172.31 and traded as high as $182.80. DBS Group shares last traded at $181.40, with a volume of 56,844 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Phillip Securities upgraded DBS Group to a “strong-buy” rating in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

DBS Group Stock Down 0.8%

The firm has a fifty day simple moving average of $172.31 and a two-hundred day simple moving average of $162.78.

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.