DBS Group (OTCMKTS:DBSDY) Sees Unusually-High Trading Volume – Here’s Why

DBS Group Holdings Ltd (OTCMKTS:DBSDY) shares saw unusually-strong trading volume on Thursday . 91,416 shares traded hands during mid-day trading, an increase of 83% from the previous session’s volume of 50,086 shares.The stock last traded at $240.9350 and had previously closed at $240.17.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of DBS Group from a “hold” rating to a “strong-buy” rating in a research note 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’s stock. Based on data from MarketBeat, DBS Group has a consensus rating of “Buy”.

DBS Group Stock Up 0.4%

The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.83 and a current ratio of 0.83. The business’s 50 day moving average price is $235.31 and its 200-day moving average price is $204.52.

About DBS Group

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.