BDO Unibank (OTCMKTS:BDOUY) Stock Price Down 8.1% – Here’s Why

BDO Unibank, Inc. (OTCMKTS:BDOUY) shares dropped 8.1% on Thursday . The stock traded as low as $18.8450 and last traded at $18.8450. Approximately 6,096 shares changed hands during trading, a decline of 90% from the average daily volume of 62,133 shares. The stock had previously closed at $20.50.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of BDO Unibank to a “hold” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, BDO Unibank currently has an average rating of “Hold”.

BDO Unibank Trading Down 3.6%

The company has a market capitalization of $10.32 billion and a P/E ratio of 0.34. The firm’s 50 day moving average price is $19.52 and its two-hundred day moving average price is $21.53.

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.