Malayan Banking Berhad (OTCMKTS:MLYBY) Stock Price Down 0.5% – Here’s What Happened

Malayan Banking Berhad (OTCMKTS:MLYBYGet Free Report)’s share price dropped 0.5% on Thursday . The stock traded as low as $6.0050 and last traded at $6.0050. Approximately 2,478 shares changed hands during mid-day trading, an increase of 125% from the average daily volume of 1,099 shares. The stock had previously closed at $6.0350.

Analyst Upgrades and Downgrades

Separately, Macquarie Infrastructure raised Malayan Banking Berhad to a “strong-buy” rating in a research note on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company has a consensus rating of “Strong Buy”.

Get Our Latest Research Report on MLYBY

Malayan Banking Berhad Trading Up 1.6%

The business has a 50-day moving average price of $5.31 and a 200 day moving average price of $4.79.

Malayan Banking Berhad Company Profile

(Get Free Report)

Malayan Banking Berhad, commonly known as Maybank, is a Malaysian universal bank established in 1960. Headquartered in Kuala Lumpur, the bank offers a full range of financial services to both retail and corporate clients. Its core business activities encompass consumer and commercial banking, treasury and markets, investment banking, and Islamic banking solutions under its Maybank Islamic arm. Maybank’s product suite also extends to asset management, insurance, and digital financial services designed to serve individual and business customers.

Throughout its history, Maybank has expanded through organic growth and strategic acquisitions to become one of Southeast Asia’s leading financial institutions.

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