DBS Group (OTCMKTS:DBSDY) Sees Large Volume Increase - Still a Buy?

Key Points

• DBS Group Holdings Ltd experienced a significant 201% increase in trading volume, with 152,626 shares traded, closing at $158.00.
• The firm's debt-to-equity ratio stands at 1.00, indicating a balanced approach to leverage, while both current and quick ratios are at 0.87.
• Recently, DBS Group announced a dividend of $0.447 per share, which awarded shareholders a notable yield of 508.0%.

DBS Group Holdings Ltd (OTCMKTS:DBSDY - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 152,626 shares changed hands during trading, an increase of 201% from the previous session's volume of 50,738 shares.The stock last traded at $158.00 and had previously closed at $154.83.

DBS Group Trading Up 0.8%

The company has a 50-day simple moving average of $144.21 and a two-hundred day simple moving average of $136.68. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.87 and a current ratio of 0.87.

DBS Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, June 6th. Shareholders of record on Tuesday, May 20th were given a dividend of $0.447 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a dividend yield of 508.0%.

About DBS Group

DBS Group Holdings Ltd provides commercial banking and financial services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. The company's Consumer Banking/Wealth Management segment offers banking and related financial services, including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products for individual customers.