DSV (OTCMKTS:DSDVY) Sees Strong Trading Volume – Time to Buy?

Shares of DSV (OTCMKTS:DSDVY) saw strong trading volume on Monday . 247,597 shares changed hands during 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Zacks Research lowered 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 research note on Friday, May 22nd. Finally, Citigroup reaffirmed a “buy” rating on shares of DSV in a research report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

DSV Trading Up 0.5%

The firm’s 50-day moving average price is $122.96 and its 200 day moving average price is $127.42. The company has a market cap of $57.29 billion, a price-to-earnings ratio of 37.82, a P/E/G ratio of 0.86 and a beta of 1.18. The company has a current ratio of 0.95, a quick ratio of 0.92 and a debt-to-equity ratio of 0.48.

DSV (OTCMKTS:DSDVY) last issued its earnings results on Wednesday, April 29th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.15. DSV had a net margin of 2.55% and a return on equity of 9.45%. The business had revenue of $11.03 billion for the quarter, compared to analyst estimates of $10.89 billion. As a group, equities analysts expect that DSV will post 4.99 EPS for the current year.

DSV Company Profile

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.