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

Shares of DBS Group Holdings Ltd (OTCMKTS:DBSDY) saw an uptick in trading volume on Wednesday . Approximately 222,364 shares were traded during mid-day trading, an increase of 338% from the previous session’s volume of 50,749 shares.The stock last traded at $242.74 and had previously closed at $242.66.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DBSDY shares. Macquarie Infrastructure raised shares of DBS Group to a “hold” rating in a research note on Thursday, April 30th. Zacks Research upgraded shares of DBS Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

DBS Group Stock Down 0.8%

The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.15. The business has a 50 day simple moving average of $223.23 and a 200-day simple moving average of $197.70.

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.