Investors are often known to look into stocks which may have clocked significant gains over a reasonable period of time and by that token, the DSG Global Inc (OTCMKTS:DSGT) stock could be the one to watch today. The stock has been in the middle of a strong move in the past week and has managed to clock gains of as much as 15% during the period.
Trading Data
On Wednesday, DSGT stock moved up 1.03% to $0.0980 with 179k shares, compared to its average volume of 684k shares. The stock moved within a range of $0.0891 – 0.0995 after opening trade at $0.0950.
DSG Global Announces MOU Toward Acquisition of Golf Equipment Specialty Finance Business
In this situation, it could be a good idea for investors to take a look at some of the latest events regarding DSG Global and as it happens, the company was actually in the news on Wednesday.
Yesterday, the company came into focus after it announced that it had inked a Memorandum of Understanding for the purpose of acquiring the company Urban Group Finance, a company that is based out of Australia.
It is a financing company that is mainly involved in the golf cart equipment industry and considering the fact that DSG Global is also involved in that space, the acquisition could prove to be a significant one. The bullish sentiments about the stock at this point may attract the attention of investors and it remains to be seen if the stock can actually add to its gains today.
Key Quote
Robert Silzer, CEO of DSG Global, stated, “This acquisition will accomplish a number of significant steps for DSG: it will complete our global distribution rights for Shelby golf carts, it will add the Ford brand to DSG’s product portfolio, and it will provide funding to expand local sales and installation of our GPS fleet managements systems.”
Technical Data
DSGT stock is below the 20-Day and 50-Day Moving averages of $0.1038 and $0.1287 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.1943.
