DBS Group (OTCMKTS:DBSDY) Stock Passes Above Fifty Day Moving Average – What’s Next?

DBS Group Holdings Ltd (OTCMKTS:DBSDY) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $127.54 and traded as high as $131.50. DBS Group shares last traded at $128.24, with a volume of 32,788 shares changing hands.

Analyst Ratings Changes

Separately, Citigroup upgraded DBS Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 3rd.

DBS Group Stock Performance

The stock’s 50-day moving average price is $127.54 and its two-hundred day moving average price is $117.89.

DBS Group Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were given a $1.6365 dividend. This is an increase from DBS Group’s previous dividend of $1.58. The ex-dividend date of this dividend was Monday, November 18th.

DBS Group Company Profile

DBS Group Holdings Ltd provides commercial banking and financial services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. The company’s Consumer Banking/Wealth Management segment offers banking and related financial services, including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products for individual customers.