Banco Do Brasil (OTCMKTS:BDORY) Shares Gap Down – Here’s Why

Shares of Banco Do Brasil SA (OTCMKTS:BDORY) gapped down prior to trading on Tuesday . The stock had previously closed at $4.69, but opened at $4.49. Banco Do Brasil shares last traded at $4.56, with a volume of 11,763 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Banco Do Brasil from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Banco Do Brasil Price Performance

The company has a 50 day moving average of $4.77 and a 200 day moving average of $4.33. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $26.71 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 0.32 and a beta of 0.39.

Banco Do Brasil (OTCMKTS:BDORY) last posted its quarterly earnings results on Wednesday, February 11th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $8.61 billion for the quarter, compared to analyst estimates of $7.41 billion. Banco Do Brasil had a return on equity of 11.06% and a net margin of 3.76%. As a group, equities research analysts anticipate that Banco Do Brasil SA will post 1.08 EPS for the current 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.