BDO Unibank (OTCMKTS:BDOUY) Sees Large Volume Increase – Should You Buy?

Shares of BDO Unibank, Inc. (OTCMKTS:BDOUY) saw unusually-strong trading volume on Friday . 156,040 shares changed hands during trading, an increase of 166% from the previous session’s volume of 58,685 shares.The stock last traded at $20.71 and had previously closed at $20.19.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of BDO Unibank from a “hold” rating to a “strong sell” rating in a research note on Friday, June 12th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, BDO Unibank currently has a consensus rating of “Sell”.

BDO Unibank Trading Up 2.6%

The firm has a market cap of $11.05 billion and a P/E ratio of 0.34. The firm has a 50-day simple moving average of $20.12 and a 200-day simple moving average of $21.18.

About BDO Unibank

BDO Unibank, Inc (OTCMKTS: BDOUY) is a universal bank in the Philippines providing a full range of banking and financial services to retail, corporate, and institutional clients. As one of the country’s largest banks by assets, BDO offers commercial banking, lending, deposit products, credit cards, cash management, and remittance services. The bank also delivers specialized solutions in corporate finance, project finance, and agricultural lending.

In addition to core banking operations, BDO maintains robust treasury and trust divisions that handle foreign exchange, money market transactions, and fiduciary services.