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 Monday . Approximately 96,770 shares changed hands during mid-day trading, an increase of 132% from the previous session’s volume of 41,768 shares.The stock last traded at $183.30 and had previously closed at $188.54.

Wall Street Analysts Forecast Growth

Separately, Phillip Securities upgraded shares of DBS Group to a “strong-buy” rating in a report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

DBS Group Stock Performance

The stock’s 50 day simple moving average is $177.50 and its 200 day simple moving average is $166.51.

About DBS Group

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.