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

DBS Group Holdings Ltd (OTCMKTS:DBSDY)’s share price reached a new 52-week high on Thursday . The stock traded as high as $207.53 and last traded at $207.0980, with a volume of 7907 shares traded. The stock had previously closed at $202.47.

Wall Street Analyst Weigh In

Separately, Macquarie Infrastructure upgraded shares of DBS Group to a “hold” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy”.

DBS Group Stock Up 2.3%

The firm has a 50 day moving average price of $193.09 and a two-hundred day moving average price of $184.11. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.83 and a current ratio of 0.83.

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.