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DBS Group (OTCMKTS:DBSDY) Stock Price Crosses Above 50 Day Moving Average - Here's Why

DBS Group logo with Finance background

Shares of DBS Group Holdings Ltd (OTCMKTS:DBSDY - Get Free Report) passed 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 traded.

Analyst Ratings Changes

Separately, Citigroup raised shares of DBS Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 3rd.

View Our Latest Stock Report on DBS Group

DBS Group Price Performance

The stock's 50-day simple moving average is $127.54 and its 200-day simple moving average is $117.89.

DBS Group Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a dividend of $1.6365 per share. This is a boost from DBS Group's previous dividend of $1.58. The ex-dividend date was Monday, November 18th.

DBS Group Company Profile

(Get Free Report)

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.

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