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

DBS Group Holdings Ltd (OTCMKTS:DBSDY) shares saw unusually-strong trading volume on Wednesday . Approximately 45,000 shares were traded during trading, a decline of 6% from the previous session’s volume of 48,050 shares.The stock last traded at $179.80 and had previously closed at $179.27.

Analyst Ratings Changes

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

DBS Group Trading Up 0.6%

The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.15. The company’s 50-day moving average is $180.21 and its 200-day moving average is $172.27.

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.