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

DBS Group Holdings Ltd (OTCMKTS:DBSDY)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $198.00 and last traded at $192.3180, with a volume of 753 shares trading hands. The stock had previously closed at $188.29.

Analyst Ratings Changes

Separately, Macquarie Infrastructure raised DBS Group to a “hold” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

DBS Group Price Performance

The firm has a 50 day moving average price of $179.89 and a 200-day moving average price of $176.87. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.15.

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.