Banco Do Brasil (OTCMKTS:BDORY) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Banco Do Brasil SA (OTCMKTS:BDORY) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.43 and traded as low as $3.7930. Banco Do Brasil shares last traded at $3.8650, with a volume of 176,178 shares traded.

Wall Street Analyst Weigh In

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

Banco Do Brasil Price Performance

The company has a fifty day simple moving average of $4.26 and a 200 day simple moving average of $4.43. The stock has a market capitalization of $22.52 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 0.30 and a beta of 0.41. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.93 and a current ratio of 0.93.

Banco Do Brasil (OTCMKTS:BDORY) last issued its quarterly earnings results on Wednesday, May 13th. The financial services provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Banco Do Brasil had a net margin of 3.34% and a return on equity of 8.86%. The company had revenue of $8.60 billion during the quarter, compared to analyst estimates of $7.84 billion. Equities research analysts forecast that Banco Do Brasil SA will post 0.72 EPS for the current fiscal 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.