Banco Do Brasil (OTCMKTS:BDORY) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Banco Do Brasil SA (OTCMKTS:BDORY) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.46 and traded as low as $3.81. Banco Do Brasil shares last traded at $3.83, with a volume of 960,622 shares traded.

Analyst Ratings Changes

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

Banco Do Brasil Price Performance

The stock has a market capitalization of $21.95 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 0.31 and a beta of 0.41. The stock’s 50 day moving average is $4.48 and its two-hundred day moving average is $4.46. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.90 and a current ratio of 0.90.

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 analysts’ consensus estimates of $0.13 by ($0.02). The company had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $7.84 billion. Banco Do Brasil had a net margin of 3.34% and a return on equity of 9.07%. On average, equities analysts anticipate 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.