DBS Group (OTCMKTS:DBSDY) Sets New 52-Week High – What’s Next?

Shares of DBS Group Holdings Ltd (OTCMKTS:DBSDY) reached a new 52-week high during trading on Wednesday . The company traded as high as $242.24 and last traded at $240.85, with a volume of 20107 shares. The stock had previously closed at $237.50.

Analyst Upgrades and Downgrades

Separately, Macquarie Infrastructure upgraded shares of DBS Group to a “hold” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, DBS Group presently has a consensus rating of “Buy”.

DBS Group Price Performance

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 stock has a 50 day moving average of $214.90 and a 200-day moving average of $194.00.

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.