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

BB Seguridade Participacoes SA (OTCMKTS:BBSEY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $8.37, but opened at $7.90. BB Seguridade Participacoes shares last traded at $7.9235, with a volume of 11,207 shares traded.

Analyst Ratings Changes

A number of research firms have recently weighed in on BBSEY. Itau BBA Securities raised BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a research note on Tuesday, June 16th. Zacks Research upgraded shares of BB Seguridade Participacoes from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, BB Seguridade Participacoes currently has an average rating of “Hold”.

BB Seguridade Participacoes Stock Performance

The stock has a market capitalization of $15.61 billion, a P/E ratio of 8.93 and a beta of 0.38. The stock has a 50-day moving average price of $7.88 and a two-hundred day moving average price of $7.33.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. BB Seguridade Participacoes had a return on equity of 79.22% and a net margin of 87.94%.The company had revenue of $508.16 million during the quarter, compared to analyst estimates of $489.08 million. Equities analysts anticipate that BB Seguridade Participacoes SA will post 0.87 earnings per share for the current fiscal year.

BB Seguridade Participacoes Company Profile

BB Seguridade Participações SA is a Brazilian holding company focused on insurance, brokerage, private pension, capitalization and related financial protection products. The company operates primarily through subsidiaries that develop and distribute insurance and other financial products to individuals, businesses and rural customers.

Its principal businesses include Brasilseg, which provides property, life, rural, credit and other insurance products, and BB Corretora, which brokers insurance, private pension and capitalization products.