BDO Unibank (OTCMKTS:BDOUY) Sees Strong Trading Volume – Time to Buy?

BDO Unibank, Inc. (OTCMKTS:BDOUY) shares saw unusually-strong trading volume on Tuesday . Approximately 64,311 shares changed hands during trading, an increase of 5% from the previous session’s volume of 61,057 shares.The stock last traded at $20.7110 and had previously closed at $19.90.

Analysts Set New Price Targets

Separately, Zacks Research raised BDO Unibank to a “hold” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

BDO Unibank Stock Up 0.3%

The firm’s 50-day simple moving average is $19.48 and its 200 day simple moving average is $21.55. The stock has a market capitalization of $10.78 billion and a P/E ratio of 0.34.

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.