Banco Do Brasil (OTCMKTS:BDORY) Shares Gap Down – What’s Next?

Banco Do Brasil SA (OTCMKTS:BDORY) shares gapped down prior to trading on Friday . The stock had previously closed at $4.21, but opened at $3.95. Banco Do Brasil shares last traded at $4.26, with a volume of 10,565 shares traded.

Analyst Ratings Changes

Several analysts have recently weighed in on BDORY shares. Zacks Research lowered Banco Do Brasil from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. 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. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Banco Do Brasil currently has a consensus rating of “Sell”.

Banco Do Brasil Stock Performance

The stock has a market cap of $24.36 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 0.39 and a beta of 0.41. The company’s 50-day simple moving average is $3.99 and its 200-day simple moving average is $4.43. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.56.

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 analysts’ consensus estimates of $0.13 by ($0.02). The company had revenue of $8.60 billion for the quarter, compared to analyst estimates of $7.84 billion. Banco Do Brasil had a net margin of 3.34% and a return on equity of 8.86%. Analysts predict that Banco Do Brasil SA will post 0.64 EPS for the current fiscal year.

About Banco Do Brasil

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.