DBS Group (OTCMKTS:DBSDY) Stock Crosses Below 200-Day Moving Average - Here's Why

DBS Group Holdings Ltd (OTCMKTS:DBSDY - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $127.89 and traded as low as $109.33. DBS Group shares last traded at $114.00, with a volume of 98,244 shares changing hands.

Analyst Upgrades and Downgrades

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

DBS Group Stock Up 0.6 %

The company's 50 day simple moving average is $132.54 and its 200 day simple moving average is $127.92.

DBS Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 8th will be paid a dividend of $1.8021 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This is an increase from DBS Group's previous dividend of $1.64.

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.