DBS Group (OTCMKTS:DBSDY) Sees Strong Trading Volume – Here’s Why

Shares of DBS Group Holdings Ltd (OTCMKTS:DBSDY) saw strong trading volume on Thursday . Approximately 35,103 shares were traded during trading, a decline of 30% from the previous session’s volume of 50,186 shares.The stock last traded at $242.36 and had previously closed at $244.08.

Analyst Upgrades and Downgrades

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

DBS Group Stock Down 0.7%

The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.83 and a current ratio of 0.83. The business has a 50-day moving average price of $232.09 and a two-hundred day moving average price of $202.44.

About DBS Group

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.