Banco Do Brasil (OTCMKTS:BDORY) Shares Cross Below 200-Day Moving Average – Here’s Why

Banco Do Brasil SA (OTCMKTS:BDORY) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.59 and traded as low as $4.01. Banco Do Brasil shares last traded at $4.02, with a volume of 508,500 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Bradesco Corretora lowered shares of Banco Do Brasil to a “neutral” rating in a research note on Friday, May 16th.

Banco Do Brasil Stock Performance

The firm has a market cap of $23.04 billion, a price-to-earnings ratio of 3.87, a price-to-earnings-growth ratio of 1.63 and a beta of 0.62. The company has a debt-to-equity ratio of 5.97, a quick ratio of 1.97 and a current ratio of 1.97. The firm’s 50 day moving average is $4.65 and its 200-day moving average is $4.59.

Banco Do Brasil (OTCMKTS:BDORY) last posted its earnings results on Thursday, May 15th. The financial services provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). The business had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $4.74 billion. Banco Do Brasil had a net margin of 11.78% and a return on equity of 18.72%. Sell-side analysts anticipate that Banco Do Brasil SA will post 1.08 earnings per share for the current fiscal year.

Banco Do Brasil Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 23rd. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.0104 per share. This represents a yield of 7.45%. The ex-dividend date is Wednesday, June 4th. Banco Do Brasil’s dividend payout ratio is presently 5.77%.

About Banco Do Brasil

Banco do Brasil SA provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company's Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population.