BDO Unibank (OTCMKTS:BDOUY) Shares Gap Down – Here’s What Happened

Shares of BDO Unibank, Inc. (OTCMKTS:BDOUY) gapped down prior to trading on Wednesday . The stock had previously closed at $20.91, but opened at $19.84. BDO Unibank shares last traded at $19.84, with a volume of 407 shares changing hands.

Wall Street Analysts Forecast Growth

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

BDO Unibank Stock Up 1.2%

The company has a market cap of $10.76 billion and a price-to-earnings ratio of 0.34. The company’s fifty day moving average price is $19.95 and its two-hundred day moving average price is $21.31.

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.