BDO Unibank (OTCMKTS:BDOUY) Hits New 52-Week Low – Time to Sell?

BDO Unibank, Inc. (OTCMKTS:BDOUY) shares hit a new 52-week low during trading on Thursday . The company traded as low as $17.35 and last traded at $17.60, with a volume of 87245 shares changing hands. The stock had previously closed at $18.00.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BDOUY shares. Zacks Research upgraded BDO Unibank from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. The Goldman Sachs Group downgraded BDO Unibank to a “neutral” rating in a research report on Wednesday, July 29th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, BDO Unibank currently has a consensus rating of “Hold”.

BDO Unibank Stock Performance

The company’s 50 day moving average price is $19.65 and its 200-day moving average price is $19.84.

BDO Unibank Company Profile

BDO Unibank, Inc is a Philippine universal bank headquartered in Makati City, Philippines. The company provides a broad range of financial services to individuals, businesses, institutions and government clients through its banking operations and related subsidiaries.

Its principal activities include retail and commercial banking, corporate lending, investment banking, treasury services, trust and wealth management, cash management, remittances, and credit and debit card services. BDO also offers deposit products, consumer loans, home and auto financing, insurance-related services and other financial solutions through its branch, digital and electronic banking channels.

The bank traces its origins to the establishment of Banco de Oro as a thrift bank in 1968.