DBS Group (OTCMKTS:DBSDY) Hits New 12-Month High – Here’s What Happened

DBS Group Holdings Ltd (OTCMKTS:DBSDY) hit a new 52-week high on Tuesday. The company traded as high as $254.68 and last traded at $244.63, with a volume of 371 shares. The stock had previously closed at $244.38.

Analyst Upgrades and Downgrades

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

DBS Group Stock Up 0.8%

The firm has a 50-day simple moving average of $238.58 and a 200 day simple moving average of $208.38. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.83.

DBS Group Company Profile

DBS Group Holdings Ltd. is a Singapore-based financial services group and the parent company of DBS Bank Ltd. Established in 1968 as the Development Bank of Singapore, the group has grown into a major banking organization serving consumers, businesses and institutional clients across Asia.

DBS provides consumer and commercial banking, wealth management, investment banking, transaction banking, treasury and markets services. Its offerings include deposits, loans, mortgages, credit cards, payment solutions, cash-management services, capital-markets advisory and investment products.