DBS Group (OTCMKTS:DBSDY) Sees Large Volume Increase – Should You Buy?

Shares of DBS Group Holdings Ltd (OTCMKTS:DBSDY) saw strong trading volume on Thursday . 91,416 shares were traded during trading, an increase of 83% from the previous session’s volume of 50,086 shares.The stock last traded at $240.9350 and had previously closed at $240.17.

Wall Street Analyst Weigh In

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

DBS Group Price Performance

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 company has a fifty day moving average price of $235.31 and a two-hundred day moving average price of $204.52.

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.