DBS Group (OTCMKTS:DBSDY) Hits New 52-Week High – Should You Buy?

Shares of DBS Group Holdings Ltd (OTCMKTS:DBSDY) reached a new 52-week high during trading on Friday . The company traded as high as $252.00 and last traded at $248.3002, with a volume of 519 shares traded. The stock had previously closed at $245.30.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of DBS Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Two investment 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.com, DBS Group currently has an average rating of “Buy”.

DBS Group Price Performance

The company has a 50-day moving average of $228.55 and a 200 day moving average of $200.58. 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.