DSV (OTCMKTS:DSDVY) Sees Strong Trading Volume – Here’s Why

DSV (OTCMKTS:DSDVY) saw unusually-high trading volume on Monday . Approximately 399,911 shares traded hands during mid-day trading, an increase of 378% from the previous session’s volume of 83,672 shares.The stock last traded at $117.27 and had previously closed at $116.93.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DSDVY. Zacks Research lowered shares of DSV from a “hold” rating to a “strong sell” rating in a research note on Friday, June 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of DSV in a research note on Friday, May 22nd. Finally, Citigroup restated a “buy” rating on shares of DSV in a report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, DSV presently has a consensus rating of “Moderate Buy”.

DSV Stock Performance

The stock has a market capitalization of $56.16 billion, a PE ratio of 37.07, a P/E/G ratio of 0.84 and a beta of 1.18. 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 firm’s 50 day moving average is $123.65 and its two-hundred day moving average is $127.44.

DSV (OTCMKTS:DSDVY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.77 by $0.15. DSV had a net margin of 2.55% and a return on equity of 9.45%. The company had revenue of $11.03 billion during the quarter, compared to analysts’ expectations of $10.89 billion. As a group, research analysts predict that DSV will post 5.03 earnings per share for the current year.

DSV Company Profile

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.