DSV (OTCMKTS:DSDVY) Shares Gap Down – Here’s What Happened

DSV (OTCMKTS:DSDVY) shares gapped down prior to trading on Friday . The stock had previously closed at $124.20, but opened at $119.26. DSV shares last traded at $123.73, with a volume of 9,907 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Citigroup restated a “buy” rating on shares of DSV in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of DSV in a research note on Friday, May 22nd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, DSV presently has a consensus rating of “Moderate Buy”.

DSV Trading Up 0.5%

The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.92 and a current ratio of 0.95. The business has a fifty day simple moving average of $124.49 and a 200 day simple moving average of $127.07. The stock has a market capitalization of $60.05 billion, a price-to-earnings ratio of 39.64, a price-to-earnings-growth ratio of 0.84 and a beta of 1.18.

DSV (OTCMKTS:DSDVY) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.15. DSV had a return on equity of 9.45% and a net margin of 2.55%.The firm had revenue of $11.03 billion for the quarter, compared to analyst estimates of $10.89 billion. As a group, research analysts expect that DSV will post 5.05 EPS for the current year.

About DSV

DSV A/S (OTCMKTS:DSDVY) is a Danish global transport and logistics company that provides end-to-end supply chain solutions to businesses across a wide range of industries. The firm’s core services include road transport, air freight, ocean freight, freight forwarding, contract logistics and warehousing, together with customs clearance, distribution and value?added services designed to support complex international supply chains.

Founded in the mid-1970s in Denmark, DSV has grown through a mix of organic expansion and strategic acquisitions, notably strengthening its global freight and forwarding capabilities through transactions such as the acquisitions of UTi Worldwide and Panalpina.