BDO Unibank (OTCMKTS:BDOUY) Sees Strong Trading Volume – Should You Buy?

BDO Unibank, Inc. (OTCMKTS:BDOUY) saw an uptick in trading volume on Thursday . 50,575 shares were traded during mid-day trading, a decline of 18% from the previous session’s volume of 61,344 shares.The stock last traded at $19.2050 and had previously closed at $19.15.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BDOUY. The Goldman Sachs Group cut 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 data from MarketBeat.com, the stock presently has an average rating of “Hold”.

BDO Unibank Trading Down 0.5%

The business’s 50-day simple moving average is $20.18 and its 200 day simple moving average is $20.37.

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.