DBS Group (OTCMKTS:DBSDY) Sees Strong Trading Volume – Here’s Why

Shares of DBS Group Holdings Ltd (OTCMKTS:DBSDY) saw unusually-strong trading volume on Thursday. Approximately 78,348 shares traded hands during mid-day trading, an increase of 55% from the previous session’s volume of 50,430 shares. The stock last traded at $242.07 and had previously closed at $242.01.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of DBS Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

DBS Group Trading Up 0.9%

The stock has a 50 day moving average price of $238.17 and a 200 day moving average price of $207.63. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.83 and a current ratio of 0.83.

DBS Group Company Profile

DBS Group Holdings Ltd. is a Singapore-based financial services group and the parent company of DBS Bank. Established in 1968 as the Development Bank of Singapore, the group has grown into a major banking organization serving individuals, businesses and institutions across Asia.

DBS provides consumer and institutional banking services, including deposits, mortgages, personal and business loans, payments, cash management, trade finance and corporate lending. Its wealth management business offers investment products, advisory services and private banking, while its treasury and markets operations provide foreign exchange, fixed-income, capital-markets and related services.