BDO Unibank (OTCMKTS:BDOUY) Shares Gap Down – Here’s Why

Shares of BDO Unibank, Inc. (OTCMKTS:BDOUY) gapped down prior to trading on Thursday . The stock had previously closed at $18.38, but opened at $17.59. BDO Unibank shares last traded at $18.30, with a volume of 3,847 shares traded.

Wall Street Analysts Forecast Growth

BDOUY has been the subject of a number of research reports. The Goldman Sachs Group downgraded shares of BDO Unibank to a “neutral” rating in a research report on Wednesday, July 29th. Zacks Research raised shares of 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, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

BDO Unibank Stock Down 1.2%

The firm has a fifty day moving average of $19.79 and a two-hundred day moving average of $19.94.

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.