DSV (OTCMKTS:DSDVY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of DSV (OTCMKTS:DSDVY) saw an uptick in trading volume on Tuesday . 397,334 shares changed hands during mid-day trading, an increase of 437% from the previous session’s volume of 73,954 shares.The stock last traded at $121.41 and had previously closed at $122.60.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DSDVY. Citigroup reaffirmed a “buy” rating on shares of DSV in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of DSV in a research report on Friday, May 22nd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

DSV Stock Performance

The company’s 50-day simple moving average is $124.56 and its 200 day simple moving average is $127.29. The company has a current ratio of 0.95, a quick ratio of 0.92 and a debt-to-equity ratio of 0.48. The stock has a market cap of $58.66 billion, a P/E ratio of 38.73, a PEG ratio of 0.89 and a beta of 1.18.

DSV (OTCMKTS:DSDVY) last posted its earnings results on Wednesday, April 29th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.77 by $0.15. The firm had revenue of $11.03 billion for the quarter, compared to analysts’ expectations of $10.89 billion. DSV had a net margin of 2.55% and a return on equity of 9.45%. As a group, sell-side analysts expect that DSV will post 5.05 EPS for the current fiscal 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.