DSV (OTCMKTS:DSDVY) Sees Large Volume Increase – Here’s What Happened

DSV (OTCMKTS:DSDVYGet Free Report) saw strong trading volume on Thursday . Approximately 199,202 shares traded hands during mid-day trading, an increase of 114% from the previous session’s volume of 93,157 shares.The stock last traded at $102.2950 and had previously closed at $103.03.

Analysts Set New Price Targets

A number of research firms have weighed in on DSDVY. Morgan Stanley restated an “overweight” rating on shares of DSV in a research note on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of DSV in a report on Thursday, July 16th. Zacks Research lowered DSV from a “hold” rating to a “strong sell” rating in a research report on Friday, June 19th. Finally, Citigroup restated a “buy” rating on shares of DSV in a research note on Thursday, July 9th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Check Out Our Latest Analysis on DSV

DSV Stock Down 0.5%

The firm’s 50 day simple moving average is $119.79 and its 200-day simple moving average is $125.61. The company has a market cap of $49.28 billion, a price-to-earnings ratio of 31.15, a P/E/G ratio of 0.85 and a beta of 1.20. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.97 and a quick ratio of 0.94.

About DSV

(Get Free Report)

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.

Further Reading

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