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

DBS Group Holdings Ltd (OTCMKTS:DBSDY) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $253.51 and last traded at $247.7895, with a volume of 991 shares changing hands. The stock had previously closed at $242.70.

Wall Street Analyst Weigh In

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

DBS Group Stock Performance

The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.15. The business’s fifty day moving average price is $233.53 and its two-hundred day moving average price is $203.27.

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.