DBS Group (OTCMKTS:DBSDY) Reaches New 12-Month High – Time to Buy?

DBS Group Holdings Ltd (OTCMKTS:DBSDY)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $207.53 and last traded at $207.0980, with a volume of 7907 shares trading hands. The stock had previously closed at $202.47.

Analyst Upgrades and Downgrades

Separately, Macquarie Infrastructure upgraded shares of DBS Group to a “hold” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

DBS Group Stock Performance

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 firm’s 50 day moving average is $194.19 and its two-hundred day moving average is $184.53.

DBS Group Company Profile

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.