BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Down – Here’s What Happened

Shares of BB Seguridade Participacoes SA (OTCMKTS:BBSEY) gapped down prior to trading on Tuesday . The stock had previously closed at $6.98, but opened at $6.6285. BB Seguridade Participacoes shares last traded at $6.5950, with a volume of 7,255 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded BB Seguridade Participacoes to a “neutral” rating in a report on Friday, February 13th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

BB Seguridade Participacoes Stock Up 0.1%

The stock’s 50 day moving average price is $6.97 and its two-hundred day moving average price is $6.56. The stock has a market cap of $13.60 billion, a price-to-earnings ratio of 8.19, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last posted its earnings results on Monday, February 9th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. BB Seguridade Participacoes had a net margin of 87.29% and a return on equity of 80.16%. The company had revenue of $486.61 million during the quarter, compared to the consensus estimate of $509.09 million. On average, analysts predict that BB Seguridade Participacoes SA will post 0.71 earnings per share for the current fiscal year.

About BB Seguridade Participacoes

BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.

The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).