DSV (OTCMKTS:DSDVY) Sees Strong Trading Volume – Here’s What Happened

DSV (OTCMKTS:DSDVY) shares saw strong trading volume on Monday . Approximately 247,597 shares were traded during mid-day trading, an increase of 155% from the previous session’s volume of 97,071 shares.The stock last traded at $118.47 and had previously closed at $118.50.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DSDVY shares. Zacks Research cut shares of DSV from a “hold” rating to a “strong sell” rating in a research note on Friday, June 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of DSV in a report on Friday, May 22nd. Finally, Citigroup restated a “buy” rating on shares of DSV in a report on Friday, May 1st. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, DSV has a consensus rating of “Moderate Buy”.

DSV Price Performance

The stock has a 50-day simple moving average of $122.40 and a 200 day simple moving average of $127.37. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.92 and a current ratio of 0.95. The company has a market cap of $57.00 billion, a P/E ratio of 37.63, a P/E/G ratio of 0.87 and a beta of 1.18.

DSV (OTCMKTS:DSDVY) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.15. The business had revenue of $11.03 billion for the quarter, compared to analysts’ expectations of $10.89 billion. DSV had a return on equity of 9.45% and a net margin of 2.55%. On average, equities analysts expect that DSV will post 4.99 EPS for the current year.

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.