DBS Group (OTCMKTS:DBSDY) Sees Unusually-High Trading Volume – Here’s Why

DBS Group Holdings Ltd (OTCMKTS:DBSDY) saw unusually-high trading volume on Thursday . Approximately 147,854 shares changed hands during mid-day trading, an increase of 208% from the previous session’s volume of 48,008 shares.The stock last traded at $180.0050 and had previously closed at $182.01.

Analyst Ratings Changes

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

DBS Group Trading Down 1.1%

The firm’s 50 day moving average is $179.12 and its two-hundred day moving average is $173.89. 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.