DBS Group (OTCMKTS:DBSDY) Sets New 52-Week High – Time to Buy?

DBS Group Holdings Ltd (OTCMKTS:DBSDY) reached a new 52-week high during trading on Wednesday . The stock traded as high as $214.86 and last traded at $213.88, with a volume of 36161 shares trading hands. The stock had previously closed at $208.09.

Analyst Upgrades and Downgrades

Separately, Macquarie Infrastructure upgraded shares of DBS Group to a “hold” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, DBS Group has an average rating of “Buy”.

DBS Group Stock Performance

The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.83. The stock’s 50-day moving average is $195.49 and its two-hundred day moving average is $185.18.

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.