DBS Group (OTCMKTS:DBSDY) Sees Strong Trading Volume – What’s Next?

Shares of DBS Group Holdings Ltd (OTCMKTS:DBSDY) saw strong trading volume on Friday . 249,229 shares traded 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.

Wall Street Analysts Forecast Growth

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

DBS Group Price Performance

The business’s 50 day moving average price is $178.59 and its 200 day moving average price is $174.59. 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 (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.