DSV (OTCMKTS:DSDVY) Shares Cross Below 50 Day Moving Average – Here’s Why

DSV (OTCMKTS:DSDVY) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $120.50 and traded as low as $105.0590. DSV shares last traded at $105.79, with a volume of 80,805 shares changing hands.

Wall Street Analysts Forecast Growth

DSDVY has been the subject of a number of analyst reports. Citigroup restated a “buy” rating on shares of DSV in a research report on Thursday, July 9th. Zacks Research cut DSV from a “hold” rating to a “strong sell” rating in a research report on Friday, June 19th. Morgan Stanley reiterated an “overweight” rating on shares of DSV in a research note on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of DSV in a report on Thursday, July 16th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

DSV Price Performance

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.94 and a current ratio of 0.97. The company has a market cap of $49.55 billion, a P/E ratio of 31.32, a P/E/G ratio of 0.85 and a beta of 1.20. The firm’s fifty day moving average is $119.79 and its two-hundred day moving average is $125.61.

About DSV

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.