DSV (OTCMKTS:DSDVY) Sees Large Volume Increase – Still a Buy?

DSV (OTCMKTS:DSDVY) saw unusually-strong trading volume on Tuesday . 173,828 shares traded hands during trading, an increase of 80% from the previous session’s volume of 96,318 shares.The stock last traded at $92.1770 and had previously closed at $92.63.

Wall Street Analysts Forecast Growth

DSDVY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of DSV in a report on Thursday, July 16th. Citigroup reiterated a “buy” rating on shares of DSV in a report on Thursday, July 9th. Morgan Stanley reissued an “overweight” rating on shares of DSV in a research report on Thursday, July 23rd. Finally, Zacks Research downgraded DSV from a “hold” rating to a “strong sell” rating in a research note on Friday, June 19th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

DSV Trading Down 1.7%

The stock has a market cap of $43.78 billion, a price-to-earnings ratio of 27.67, a P/E/G ratio of 0.78 and a beta of 1.19. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.97 and a quick ratio of 0.94. The company’s fifty day moving average price is $107.48 and its 200-day moving average price is $117.84.

About DSV

DSV A/S is a Denmark-based global transport and logistics company that provides supply chain services for businesses worldwide. Its offerings include road, air and sea freight, rail transportation, contract logistics, warehousing, customs clearance and related supply chain management services.

The company serves customers across a broad range of industries, including automotive, healthcare, technology, energy, retail and industrial manufacturing. DSV manages transportation and logistics activities across Europe, North America, Asia-Pacific, Latin America, the Middle East and Africa.

DSV was founded in Denmark in 1976 by a group of nine independent hauliers.