DBS Group (OTCMKTS:DBSDY) Sees Large Volume Increase – Should You Buy?

DBS Group Holdings Ltd (OTCMKTS:DBSDY) shares saw unusually-high trading volume on Tuesday . Approximately 86,781 shares changed hands during mid-day trading, an increase of 94% from the previous session’s volume of 44,839 shares.The stock last traded at $176.5250 and had previously closed at $177.9710.

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 analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company presently has an average rating of “Strong Buy”.

DBS Group Price Performance

The firm has a 50 day moving average of $180.76 and a two-hundred day moving average of $171.59. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.83 and a current ratio of 0.83.

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.