DBS Group (OTCMKTS:DBSDY) Sees Large Volume Increase – Should You Buy?

DBS Group Holdings Ltd (OTCMKTS:DBSDY) saw unusually-high trading volume on Friday . Approximately 249,229 shares traded hands during 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 raised shares of DBS Group to a “strong-buy” rating in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, DBS Group presently has a consensus rating of “Strong Buy”.

DBS Group Price Performance

The stock has a 50 day moving average of $178.54 and a 200-day moving average of $174.72. The company has a current ratio of 0.83, a quick 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.