DBS Group (OTCMKTS:DBSDY) Sees Large Volume Increase – Should You Buy?

DBS Group Holdings Ltd (OTCMKTS:DBSDY) shares saw unusually-strong trading volume on Wednesday . Approximately 45,000 shares were traded during trading, a decline of 6% from the previous session’s volume of 48,050 shares.The stock last traded at $179.80 and had previously closed at $179.27.

Wall Street Analyst Weigh In

Separately, Phillip Securities raised DBS Group to a “strong-buy” rating in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

DBS Group Stock Up 0.6%

The stock’s fifty day simple moving average is $180.21 and its 200-day simple moving average is $172.27. The company has a quick ratio of 0.83, a current 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.