DBS Group (OTCMKTS:DBSDY) Sees Large Volume Increase – Time to Buy?

DBS Group Holdings Ltd (OTCMKTS:DBSDY) saw unusually-strong trading volume on Thursday . 78,348 shares were traded during mid-day trading, an increase of 55% from the previous session’s volume of 50,430 shares.The stock last traded at $242.07 and had previously closed at $242.01.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of DBS Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

DBS Group Stock Down 0.1%

The stock’s 50 day moving average is $237.40 and its two-hundred day moving average is $206.87. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.15.

DBS Group Company Profile

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.