BDO Unibank (OTCMKTS:BDOUY) Sees Unusually-High Trading Volume – Still a Buy?

BDO Unibank, Inc. (OTCMKTS:BDOUY) saw unusually-strong trading volume on Thursday . Approximately 51,793 shares changed hands during mid-day trading, a decline of 18% from the previous session’s volume of 63,496 shares.The stock last traded at $20.8060 and had previously closed at $21.01.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BDOUY shares. Zacks Research cut shares of BDO Unibank from a “hold” rating to a “strong sell” rating in a report on Friday, June 12th. The Goldman Sachs Group lowered shares of BDO Unibank to a “neutral” rating in a report on Wednesday. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, BDO Unibank currently has an average rating of “Reduce”.

BDO Unibank Trading Up 4.9%

The firm has a 50-day simple moving average of $20.25 and a 200-day simple moving average of $21.08. The firm has a market cap of $11.00 billion and a P/E ratio of 0.34.

BDO Unibank Company Profile

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.