DBS Group (OTCMKTS:DBSDY) Sees Unusually-High Trading Volume – What’s Next?

Shares of DBS Group Holdings Ltd (OTCMKTS:DBSDY) saw unusually-strong trading volume on Wednesday . Approximately 222,364 shares traded hands during mid-day 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.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DBSDY. Zacks Research raised shares of DBS Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Macquarie Infrastructure upgraded DBS Group to a “hold” rating in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

DBS Group Trading Down 0.8%

The business’s 50 day simple moving average is $223.23 and its 200-day simple moving average is $197.70. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.15.

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.