BDO Unibank (OTCMKTS:BDOUY) Sees Strong Trading Volume – Still a Buy?

BDO Unibank, Inc. (OTCMKTS:BDOUY) saw unusually-strong trading volume on Thursday . Approximately 50,575 shares traded hands during mid-day trading, a decline of 18% from the previous session’s volume of 61,344 shares.The stock last traded at $19.2050 and had previously closed at $19.15.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BDOUY shares. The Goldman Sachs Group downgraded BDO Unibank to a “neutral” rating in a research note on Wednesday, July 29th. Zacks Research upgraded BDO Unibank from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

BDO Unibank Trading Down 0.5%

The company has a 50-day moving average price of $20.18 and a 200-day moving average price of $20.37.

About BDO Unibank

BDO Unibank, Inc (OTCMKTS: BDOUY) is a universal bank in the Philippines providing a full range of banking and financial services to retail, corporate, and institutional clients. As one of the country’s largest banks by assets, BDO offers commercial banking, lending, deposit products, credit cards, cash management, and remittance services. The bank also delivers specialized solutions in corporate finance, project finance, and agricultural lending.

In addition to core banking operations, BDO maintains robust treasury and trust divisions that handle foreign exchange, money market transactions, and fiduciary services.