BDO Unibank (OTCMKTS:BDOUY) Sees Strong Trading Volume – Should You Buy?

BDO Unibank, Inc. (OTCMKTS:BDOUY) shares saw strong trading volume on Friday . 156,040 shares traded hands during mid-day 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, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

BDO Unibank Stock Up 2.6%

The company’s 50-day moving average is $20.12 and its 200-day moving average is $21.18. The stock has a market capitalization of $11.05 billion and a price-to-earnings 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.