DBS Group (OTCMKTS:DBSDY) Share Price Crosses Above Fifty Day Moving Average - Should You Sell?

Key Points

• Price breakout: DBS Group's share price crossed above its fifty-day moving average of $178.31, trading as high as $185.50 and last at $183.44 on volume of 64,102 shares.
• Analyst sentiment: Phillip Securities upgraded DBS to a "Strong Buy" on Jan. 7, and MarketBeat shows a consensus rating of Strong Buy.
• Balance-sheet snapshot: the bank reports a quick and current ratio of 0.83 and a debt-to-equity ratio of 1.15, indicating modest liquidity and moderate leverage.

DBS Group Holdings Ltd (OTCMKTS:DBSDY - Get Free Report)'s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $178.31 and traded as high as $185.50. DBS Group shares last traded at $183.44, with a volume of 64,102 shares traded.

Wall Street Analyst Weigh In

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, According to MarketBeat, the company presently has a consensus rating of "Strong Buy".

DBS Group Stock Performance

The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.15. The stock's 50 day simple moving average is $178.31 and its two-hundred day simple moving average is $175.35.

DBS Group Company Profile

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.

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