BB Seguridade Participacoes (OTCMKTS:BBSEY) Sees Unusually-High Trading Volume – What’s Next?

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) shares saw unusually-strong trading volume on Tuesday . Approximately 278,663 shares were traded during trading, an increase of 297% from the previous session’s volume of 70,200 shares.The stock last traded at $6.21 and had previously closed at $6.09.

BB Seguridade Participacoes Stock Performance

The company has a fifty day moving average price of $6.09 and a two-hundred day moving average price of $6.43. The company has a market cap of $12.46 billion, a P/E ratio of 7.79, a PEG ratio of 2.23 and a beta of 0.61.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last released its earnings results on Tuesday, August 5th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. The business had revenue of $489.90 million for the quarter, compared to analyst estimates of $2.65 billion. BB Seguridade Participacoes had a return on equity of 79.42% and a net margin of 86.36%. Research analysts anticipate that BB Seguridade Participacoes SA will post 0.71 EPS for the current year.

BB Seguridade Participacoes Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th were issued a $0.3327 dividend. This represents a dividend yield of 1,065.0%. The ex-dividend date of this dividend was Monday, August 18th. BB Seguridade Participacoes’s dividend payout ratio is presently 83.75%.

About BB Seguridade Participacoes

BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.