BDO Unibank (OTCMKTS:BDOUY) Sees Unusually-High Trading Volume – What’s Next?

Shares of BDO Unibank, Inc. (OTCMKTS:BDOUY) saw strong trading volume on Tuesday . Approximately 195,372 shares were traded during mid-day trading, an increase of 219% from the previous session’s volume of 61,218 shares.The stock last traded at $18.1645 and had previously closed at $18.39.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BDOUY. Zacks Research upgraded BDO Unibank from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. The Goldman Sachs Group cut BDO Unibank to a “neutral” rating in a research note on Wednesday, July 29th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

BDO Unibank Price Performance

The firm’s fifty day moving average price is $20.00 and its 200-day moving average price is $20.08.

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.