BDO Unibank (OTCMKTS:BDOUY) Shares Gap Down – Here’s Why

BDO Unibank, Inc. (OTCMKTS:BDOUY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $18.38, but opened at $17.59. BDO Unibank shares last traded at $18.30, with a volume of 3,847 shares.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BDOUY. Zacks Research raised BDO Unibank from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. The Goldman Sachs Group lowered shares of BDO Unibank to a “neutral” rating in a report on Wednesday, July 29th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

BDO Unibank Price Performance

The business has a 50 day moving average price of $19.89 and a 200 day moving average price of $20.00.

About BDO Unibank

BDO Unibank, Inc is a Philippine universal bank headquartered in Makati City, Philippines. The company provides a broad range of financial services to individuals, businesses, institutions and government clients through its banking operations and related subsidiaries.

Its principal activities include retail and commercial banking, corporate lending, investment banking, treasury services, trust and wealth management, cash management, remittances, and credit and debit card services. BDO also offers deposit products, consumer loans, home and auto financing, insurance-related services and other financial solutions through its branch, digital and electronic banking channels.

The bank traces its origins to the establishment of Banco de Oro as a thrift bank in 1968.