DBS Group (OTCMKTS:DBSDY) Hits New 1-Year High – What’s Next?

DBS Group Holdings Ltd (OTCMKTS:DBSDY) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $229.97 and last traded at $227.7201, with a volume of 920 shares. The stock had previously closed at $223.56.

Analyst Upgrades and Downgrades

Separately, Macquarie Infrastructure upgraded shares of DBS Group to a “hold” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy”.

DBS Group Price Performance

The firm’s fifty day moving average is $204.79 and its two-hundred day moving average is $189.22. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick 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.