DBS Group (OTCMKTS:DBSDY) Sees Large Volume Increase – What’s Next?

DBS Group Holdings Ltd (OTCMKTS:DBSDY) shares saw an uptick in trading volume on Wednesday . Approximately 222,364 shares were traded during 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

A number of research analysts recently commented on the company. Macquarie Infrastructure upgraded 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 research note on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

DBS Group Stock Down 0.7%

The company has a 50-day moving average of $224.68 and a 200 day moving average of $198.42. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.15.

About DBS Group

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.