BDO Unibank (OTCMKTS:BDOUY) Sees Unusually-High Trading Volume – Time to Buy?

BDO Unibank, Inc. (OTCMKTS:BDOUY) shares saw an uptick in trading volume on Friday . Approximately 156,040 shares traded hands during trading, an increase of 166% from the previous session’s volume of 58,685 shares.The stock last traded at $20.71 and had previously closed at $20.19.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of BDO Unibank from a “hold” rating to a “strong sell” rating in a research report on Friday, June 12th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, BDO Unibank presently has an average rating of “Sell”.

BDO Unibank Stock Up 2.6%

The company has a 50-day moving average of $20.15 and a 200-day moving average of $21.18. The company has a market cap of $11.05 billion and a PE 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.