DHL Group (OTCMKTS:DHLGY) Sees Strong Trading Volume – Time to Buy?

Shares of DHL Group Sponsored ADR (OTCMKTS:DHLGY) saw unusually-strong trading volume on Friday . Approximately 1,196,930 shares were traded during trading, an increase of 114% from the previous session’s volume of 559,847 shares.The stock last traded at $29.84 and had previously closed at $30.0520.

Wall Street Analysts Forecast Growth

DHLGY has been the topic of several recent analyst reports. Citigroup reaffirmed a “buy” rating on shares of DHL Group in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft raised DHL Group from a “hold” rating to a “buy” rating in a research report on Friday, May 22nd. Jefferies Financial Group cut DHL Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Barclays raised DHL Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 6th. Finally, Zacks Research raised DHL Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

DHL Group Trading Down 0.6%

The firm has a market capitalization of $66.89 billion, a PE ratio of 13.48, a PEG ratio of 1.58 and a beta of 1.21. The company has a quick ratio of 0.93, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. The stock’s fifty day simple moving average is $28.48 and its 200 day simple moving average is $45.25.

About DHL Group

DHL Group (OTCMKTS: DHLGY) is the international logistics and postal services business of Deutsche Post DHL Group, headquartered in Bonn, Germany. The company operates a global network that serves corporate and individual customers with a range of logistics solutions spanning domestic and international mail and parcel services, express courier operations, freight forwarding, contract logistics and supply chain management. It offers services to e-commerce retailers, manufacturers, healthcare and automotive companies, among other industries.

Its principal operating activities are organized across distinct logistics businesses including express courier services for time‑sensitive international shipments, global forwarding and freight for air, ocean and road transport, contract logistics for warehousing and distribution, e‑commerce fulfillment solutions, and national postal and parcel operations in Germany.