BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Down – Time to Sell?

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) gapped down prior to trading on Monday . The stock had previously closed at $7.29, but opened at $6.95. BB Seguridade Participacoes shares last traded at $6.94, with a volume of 4,960 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Itau BBA Securities cut shares of BB Seguridade Participacoes to an “underperform” rating in a research report on Wednesday, April 15th. The Goldman Sachs Group cut shares of BB Seguridade Participacoes to a “neutral” rating in a research report on Friday, February 13th. Finally, Zacks Research raised shares of BB Seguridade Participacoes from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

BB Seguridade Participacoes Stock Down 2.0%

The company has a fifty day moving average of $7.00 and a two-hundred day moving average of $6.84. The stock has a market capitalization of $13.51 billion, a price-to-earnings ratio of 8.00 and a beta of 0.37.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last released its earnings results on Monday, May 4th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. BB Seguridade Participacoes had a return on equity of 79.64% and a net margin of 87.73%.The company had revenue of $471.89 million during the quarter, compared to the consensus estimate of $529.60 million. Equities analysts anticipate that BB Seguridade Participacoes SA will post 0.87 earnings per share for the current fiscal year.

About BB Seguridade Participacoes

BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.

The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).