BDO Unibank (OTCMKTS:BDOUY) Sees Unusually-High Trading Volume – Here’s Why

BDO Unibank, Inc. (OTCMKTS:BDOUY) saw unusually-high trading volume on Wednesday . 75,738 shares changed hands during trading, an increase of 19% from the previous session’s volume of 63,905 shares.The stock last traded at $20.31 and had previously closed at $20.59.

Wall Street Analyst Weigh In

A number of research analysts have commented on BDOUY shares. Zacks Research upgraded shares of BDO Unibank from a “strong sell” rating to a “hold” rating in a research note on Monday. The Goldman Sachs Group lowered BDO Unibank to a “neutral” rating in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

BDO Unibank Trading Down 0.6%

The firm’s 50-day simple moving average is $20.45 and its two-hundred day simple moving average is $20.92.

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.