BB Seguridade Participacoes (OTCMKTS:BBSEY) Trading Up 1.4% – What’s Next?

Shares of BB Seguridade Participacoes SA (OTCMKTS:BBSEY) traded up 1.4% on Thursday . The stock traded as high as $6.70 and last traded at $6.62. 41,610 shares were traded during mid-day trading, a decline of 16% from the average session volume of 49,584 shares. The stock had previously closed at $6.53.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered shares of BB Seguridade Participacoes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 8th.

BB Seguridade Participacoes Stock Up 1.4%

The firm has a market capitalization of $13.24 billion, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 1.31 and a beta of 0.66. The firm’s 50 day moving average is $6.91 and its 200 day moving average is $6.68.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). The company had revenue of $440.93 million during the quarter, compared to the consensus estimate of $2.49 billion. BB Seguridade Participacoes had a net margin of 85.45% and a return on equity of 77.90%. On average, sell-side analysts predict that BB Seguridade Participacoes SA will post 0.71 earnings per share for the current year.

About BB Seguridade Participacoes

BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.