DBS Group (OTCMKTS:DBSDY) Sees Strong Trading Volume – Should You Buy?

Shares of DBS Group Holdings Ltd (OTCMKTS:DBSDY) saw unusually-strong trading volume on Friday . Approximately 249,229 shares changed hands during mid-day trading, an increase of 325% from the previous session’s volume of 58,625 shares.The stock last traded at $177.72 and had previously closed at $178.49.

Analysts Set New Price Targets

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

DBS Group Stock Up 0.1%

The stock has a 50 day moving average of $178.59 and a 200-day moving average of $174.59. 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.