BDO Unibank (OTCMKTS:BDOUY) Hits New 52-Week Low – Here’s What Happened

BDO Unibank, Inc. (OTCMKTS:BDOUY)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $18.34 and last traded at $18.40, with a volume of 6921 shares trading hands. The stock had previously closed at $18.52.

Wall Street Analysts Forecast Growth

BDOUY has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut shares of BDO Unibank to a “neutral” rating in a research report on Wednesday, July 29th. Zacks Research raised shares of BDO Unibank from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a Hold rating, According to MarketBeat, BDO Unibank has a consensus rating of “Hold”.

BDO Unibank Price Performance

The firm has a 50 day moving average price of $19.94 and a 200-day moving average price of $20.04.

About BDO Unibank

BDO Unibank, Inc is a Philippine universal bank headquartered in Makati City, Philippines. The company provides a broad range of financial services to individuals, businesses, institutions and government clients through its banking operations and related subsidiaries.

Its principal activities include retail and commercial banking, corporate lending, investment banking, treasury services, trust and wealth management, cash management, remittances, and credit and debit card services. BDO also offers deposit products, consumer loans, home and auto financing, insurance-related services and other financial solutions through its branch, digital and electronic banking channels.

The bank traces its origins to the establishment of Banco de Oro as a thrift bank in 1968.