Banco Do Brasil (OTCMKTS:BDORY) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Banco Do Brasil SA (OTCMKTS:BDORY)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.42 and traded as low as $3.89. Banco Do Brasil shares last traded at $4.05, with a volume of 1,115,554 shares.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered shares of Banco Do Brasil from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Banco Do Brasil Stock Down 0.7%

The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.56. The stock has a 50-day moving average of $4.00 and a 200-day moving average of $4.42. The firm has a market cap of $23.21 billion, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 0.39 and a beta of 0.41.

Banco Do Brasil (OTCMKTS:BDORY) last posted its earnings results on Wednesday, May 13th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $7.84 billion. As a group, sell-side analysts forecast 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.