DSV (OTCMKTS:DSDVY) Sees Unusually-High Trading Volume – Here’s Why

Shares of DSV (OTCMKTS:DSDVY) saw an uptick in trading volume on Thursday . 96,149 shares traded hands during trading, an increase of 65% from the previous session’s volume of 58,396 shares.The stock last traded at $125.8050 and had previously closed at $123.76.

Analysts Set New Price Targets

Several research firms have commented on DSDVY. Morgan Stanley reiterated an “overweight” rating on shares of DSV in a report on Friday, February 6th. Citigroup restated a “buy” rating on shares of DSV in a research note on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of DSV in a research note on Friday, May 22nd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

DSV Trading Up 1.5%

The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.92 and a current ratio of 0.95. The business has a fifty day simple moving average of $123.87 and a 200 day simple moving average of $126.45. The stock has a market capitalization of $60.39 billion, a price-to-earnings ratio of 39.87, a price-to-earnings-growth ratio of 0.90 and a beta of 1.18.

DSV (OTCMKTS:DSDVY) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.15. The firm had revenue of $11.03 billion for the quarter, compared to analyst estimates of $10.89 billion. DSV had a return on equity of 9.45% and a net margin of 2.55%. As a group, research analysts expect that DSV will post 5.05 EPS for the current year.

About DSV

DSV A/S (OTCMKTS:DSDVY) is a Danish global transport and logistics company that provides end-to-end supply chain solutions to businesses across a wide range of industries. The firm’s core services include road transport, air freight, ocean freight, freight forwarding, contract logistics and warehousing, together with customs clearance, distribution and value‑added services designed to support complex international supply chains.

Founded in the mid-1970s in Denmark, DSV has grown through a mix of organic expansion and strategic acquisitions, notably strengthening its global freight and forwarding capabilities through transactions such as the acquisitions of UTi Worldwide and Panalpina.