DHL Group (OTCMKTS:DHLGY) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• DHL Group experienced a significant trading volume increase of 370% on Friday, with approximately 830,578 shares traded, raising the stock price to $47.71.
• Analysts have mixed sentiments, with UBS Group downgrading the stock from "hold" to "strong sell," while Hsbc Global Res upgraded its rating from "hold" to "strong-buy."
• The company recently reported $0.82 EPS for the quarter, exceeding expectations, and generated $22.93 billion in revenue against analyst predictions of $21.16 billion.

DHL Group Sponsored ADR (OTCMKTS:DHLGY - Get Free Report) shares saw an uptick in trading volume on Friday . 830,578 shares traded hands during mid-day trading, an increase of 370% from the previous session's volume of 176,558 shares.The stock last traded at $47.71 and had previously closed at $46.87.

Wall Street Analyst Weigh In

DHLGY has been the topic of a number of recent analyst reports. UBS Group lowered DHL Group from a "hold" rating to a "strong sell" rating in a research note on Tuesday, June 24th. Hsbc Global Res upgraded shares of DHL Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 2nd.

DHL Group Trading Up 0.7%

The company has a debt-to-equity ratio of 0.78, a current ratio of 0.95 and a quick ratio of 0.90. The business's 50-day moving average price is $46.30 and its two-hundred day moving average price is $43.14. The company has a market capitalization of $58.69 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 1.70 and a beta of 1.23.

DHL Group (OTCMKTS:DHLGY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.10. DHL Group had a net margin of 4.11% and a return on equity of 14.68%. The company had revenue of $22.93 billion for the quarter, compared to analysts' expectations of $21.16 billion. Research analysts predict that DHL Group Sponsored ADR will post 3.01 earnings per share for the current year.

About DHL Group

Deutsche Post AG operates as a mail and logistics company in Germany, rest of Europe, the Americas, the Asia Pacific, the Middle East, and Africa. The company operates through five segments: Express; Global Forwarding, Freight; Supply Chain; eCommerce Solutions; and Post & Parcel Germany. The Express segment offers time-definite courier and express services to business and private customers.