Banco Do Brasil (OTCMKTS:BDORY) Shares Gap Down – Here’s Why

Shares of Banco Do Brasil SA (OTCMKTS:BDORY) gapped down prior to trading on Wednesday . The stock had previously closed at $4.38, but opened at $4.20. Banco Do Brasil shares last traded at $4.22, with a volume of 6,640 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Banco Do Brasil from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Banco Do Brasil presently has a consensus rating of “Sell”.

Banco Do Brasil Stock Down 0.5%

The firm has a 50 day simple moving average of $4.08 and a two-hundred day simple moving average of $4.27. The company has a market capitalization of $25.27 billion, a PE ratio of 11.03, a P/E/G ratio of 0.79 and a beta of 0.41. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.56.

About Banco Do Brasil

Banco do Brasil SA is a Brazilian financial institution headquartered in Brasília. Founded in 1808, it is one of Brazil’s oldest banks and operates as a mixed-capital company controlled by the Brazilian federal government. The bank provides financial services to individuals, businesses, government entities and agricultural customers throughout Brazil.

Its offerings include deposit accounts, loans, mortgages, credit and debit cards, payments, foreign exchange, investment products and digital banking services.