DBS Group (OTCMKTS:DBSDY) Reaches New 52-Week High – What’s Next?

DBS Group Holdings Ltd (OTCMKTS:DBSDY)’s share price reached a new 52-week high on Tuesday . The company traded as high as $220.78 and last traded at $218.67, with a volume of 24048 shares traded. The stock had previously closed at $219.01.

Analyst Ratings Changes

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

DBS Group Price Performance

The business’s 50 day moving average is $200.21 and its 200 day moving average is $187.14. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.83 and a current ratio of 0.83.

About DBS Group

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.