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

DBS Group Holdings Ltd (OTCMKTS:DBSDY) shares hit a new 52-week high on Monday . The company traded as high as $253.51 and last traded at $247.7895, with a volume of 991 shares changing hands. The stock had previously closed at $242.70.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of DBS Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

DBS Group Trading Up 0.4%

The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.15. The company’s fifty day simple moving average is $233.53 and its 200-day simple moving average is $203.27.

DBS Group Company Profile

DBS Group Holdings Ltd. is a Singapore-based financial services group and the parent company of DBS Bank. Established in 1968 as the Development Bank of Singapore, the group has grown into a major banking organization serving individuals, businesses and institutions across Asia.

DBS provides consumer and institutional banking services, including deposits, mortgages, personal and business loans, payments, cash management, trade finance and corporate lending. Its wealth management business offers investment products, advisory services and private banking, while its treasury and markets operations provide foreign exchange, fixed-income, capital-markets and related services.