Banco Do Brasil (OTCMKTS:BDORY) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Banco Do Brasil SA (OTCMKTS:BDORY) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.46 and traded as low as $3.81. Banco Do Brasil shares last traded at $3.83, with a volume of 960,622 shares trading hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded shares of Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Banco Do Brasil Stock Down 2.8%

The stock has a market capitalization of $21.95 billion, a P/E ratio of 9.34, a P/E/G ratio of 0.30 and a beta of 0.41. The company’s 50-day moving average price is $4.48 and its 200 day moving average price is $4.46. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.90 and a current ratio of 0.90.

Banco Do Brasil (OTCMKTS:BDORY) last announced its quarterly earnings data on Wednesday, May 13th. The financial services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $7.84 billion. Banco Do Brasil had a net margin of 3.34% and a return on equity of 9.07%. As a group, equities analysts expect that Banco Do Brasil SA will post 0.72 earnings per share for the current year.

Banco Do Brasil Company Profile

Banco do Brasil SA is one of Brazil’s largest and oldest financial institutions, founded in 1808. As a state-controlled commercial bank with a long history in the country’s financial system, it provides a broad range of universal banking services to individual, corporate and public-sector clients. The bank’s activities include retail banking, corporate and commercial lending, asset management, investment banking, treasury and capital markets operations, trade finance and international banking services.

Banco do Brasil offers a full suite of products such as deposit accounts, payment and cash management services, mortgages and consumer credit, credit cards, leasing and structured finance, as well as insurance and pension products through affiliated businesses.