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

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $8.15, but opened at $7.70. BB Seguridade Participacoes shares last traded at $7.8923, with a volume of 12,090 shares traded.

Analyst Ratings Changes

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

BB Seguridade Participacoes Stock Up 4.2%

The stock has a market cap of $15.96 billion, a PE ratio of 9.13 and a beta of 0.38. The stock has a 50-day moving average of $7.82 and a 200 day moving average of $7.30.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. BB Seguridade Participacoes had a return on equity of 78.75% and a net margin of 87.94%.The company had revenue of $508.16 million for the quarter, compared to analyst estimates of $489.08 million. Research analysts forecast that BB Seguridade Participacoes SA will post 0.87 EPS for the current fiscal year.

BB Seguridade Participacoes Company Profile

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).