BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Down – What’s Next?

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) shares gapped down before the market opened on Friday. The stock had previously closed at $7.16, but opened at $6.52. BB Seguridade Participacoes shares last traded at $6.57, with a volume of 10,545 shares.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Citigroup cut BB Seguridade Participacoes to a “sell” rating in a research report on Friday, September 11th. Zacks Research cut BB Seguridade Participacoes from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 10th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, BB Seguridade Participacoes presently has a consensus rating of “Reduce”.

BB Seguridade Participacoes Price Performance

The firm has a market cap of $12.64 billion, a PE ratio of 7.15 and a beta of 0.39. The company has a 50 day simple moving average of $7.79 and a 200-day simple moving average of $7.43.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last released its earnings results on Tuesday, November 3rd. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $505.31 million during the quarter, compared to analyst estimates of $498.02 million. BB Seguridade Participacoes had a return on equity of 82.49% and a net margin of 88.25%. On average, sell-side analysts predict that BB Seguridade Participacoes SA will post 0.85 EPS for the current fiscal year.

About BB Seguridade Participacoes

BB Seguridade Participações S.A. is a Brazilian holding company focused on insurance, pension, capitalization and related financial services. It provides these products primarily through subsidiaries and business partnerships, rather than directly to customers. Its businesses include insurance products such as life, property and rural coverage; private pension plans; capitalization bonds; and brokerage and distribution services. The company uses Banco do Brasil’s customer network to help distribute products.