BDO Unibank (OTCMKTS:BDOUY) Sees Large Volume Increase – Here’s Why

BDO Unibank, Inc. (OTCMKTS:BDOUY) shares saw unusually-strong trading volume on Thursday . 51,793 shares traded hands during mid-day trading, a decline of 18% from the previous session’s volume of 63,496 shares.The stock last traded at $20.8060 and had previously closed at $21.01.

Analyst Ratings Changes

A number of equities analysts have issued reports on BDOUY shares. Zacks Research cut shares of BDO Unibank from a “hold” rating to a “strong sell” rating in a research report on Friday, June 12th. The Goldman Sachs Group downgraded shares of BDO Unibank to a “neutral” rating in a report on Wednesday. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce”.

BDO Unibank Stock Performance

The company has a market cap of $11.02 billion and a PE ratio of 0.34. The firm has a fifty day simple moving average of $20.33 and a 200 day simple moving average of $21.06.

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.