DBS Group (OTCMKTS:DBSDY) Sees Strong Trading Volume – Time to Buy?

Shares of DBS Group Holdings Ltd (OTCMKTS:DBSDY) saw an uptick in trading volume on Thursday . 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.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of DBS Group from a “hold” rating to a “strong-buy” rating in a research note 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. Based on data from MarketBeat, DBS Group currently has a consensus rating of “Buy”.

DBS Group Price Performance

The firm’s 50 day moving average is $233.53 and its two-hundred day moving average is $203.12. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.15.

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.