Banco Do Brasil (OTCMKTS:BDORY) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Banco Do Brasil SA (OTCMKTS:BDORY)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $4.81 and traded as low as $4.57. Banco Do Brasil shares last traded at $4.66, with a volume of 307,482 shares.

Analyst Ratings Changes

Separately, Zacks Research upgraded 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, Based on data from MarketBeat.com, Banco Do Brasil presently has a consensus rating of “Hold”.

Banco Do Brasil Trading Up 4.3%

The company has a market capitalization of $27.79 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 0.32 and a beta of 0.47. The business has a fifty day moving average price of $4.80 and a 200 day moving average price of $4.36. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.71.

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