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

BDO Unibank, Inc. (OTCMKTS:BDOUY) shares saw an uptick in trading volume on Tuesday . Approximately 195,372 shares changed hands 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.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BDOUY shares. Zacks Research upgraded shares of BDO Unibank from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. The Goldman Sachs Group lowered 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 presently has a consensus rating of “Hold”.

BDO Unibank Stock Down 1.9%

The firm’s 50 day moving average is $19.89 and its 200-day moving average is $20.00.

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.