DBS Group (OTCMKTS:DBSDY) Shares Gap Down - What's Next?

Key Points

• DBS Group gapped down before the open, falling from a prior close of $180.63 to an open of $172.88, and the stock last traded near $181.79 on light volume (~2,286 shares).
• Analyst support and technicals look constructive: Phillip Securities upgraded DBS to a "Strong Buy" and MarketBeat shows an overall Strong Buy consensus, while the 50-day and 200-day moving averages are at $170.49 and $161.06, respectively, below the current price.

DBS Group Holdings Ltd (OTCMKTS:DBSDY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $180.63, but opened at $172.88. DBS Group shares last traded at $181.79, with a volume of 2,286 shares.

Wall Street Analyst Weigh In

Separately, Phillip Securities raised 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, Based on data from MarketBeat, the company currently has an average rating of "Strong Buy".

DBS Group Price Performance

The stock's fifty day moving average is $170.49 and its two-hundred day moving average is $161.06.

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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