DBS Group (OTCMKTS:DBSDY) Hits New 52-Week High – Here’s Why

DBS Group Holdings Ltd (OTCMKTS:DBSDY) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $206.99 and last traded at $204.7450, with a volume of 2071 shares changing hands. The stock had previously closed at $205.5730.

Wall Street Analyst Weigh In

Separately, Macquarie Infrastructure raised shares of DBS Group to a “hold” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

DBS Group Trading Down 0.1%

The business has a 50-day moving average price of $191.31 and a two-hundred day moving average price of $183.12. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.15.

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.