BDO Unibank (OTCMKTS:BDOUY) Stock Price Down 8.1% – Here’s Why

BDO Unibank, Inc. (OTCMKTS:BDOUY)’s stock price was down 8.1% on Thursday . The company traded as low as $18.8450 and last traded at $18.8450. Approximately 6,096 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 62,133 shares. The stock had previously closed at $20.50.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised BDO Unibank to a “hold” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

BDO Unibank Trading Up 2.3%

The firm has a market cap of $10.62 billion and a price-to-earnings ratio of 0.34. The firm has a 50-day moving average of $19.54 and a two-hundred day moving average of $21.50.

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.