DBS Group (OTCMKTS:DBSDY) Shares Pass Above Fifty Day Moving Average – Time to Sell?

DBS Group Holdings Ltd (OTCMKTS:DBSDY)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty 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 traded.

Analysts Set New Price Targets

Separately, Macquarie Infrastructure upgraded DBS Group to a “hold” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, DBS Group currently has an average rating of “Buy”.

DBS Group Trading Up 0.5%

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

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.