BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Up – Should You Buy?

Shares of BB Seguridade Participacoes SA (OTCMKTS:BBSEY) gapped up prior to trading on Wednesday . The stock had previously closed at $6.36, but opened at $6.62. BB Seguridade Participacoes shares last traded at $6.62, with a volume of 161 shares trading hands.

BB Seguridade Participacoes Stock Performance

The company has a market capitalization of $12.94 billion, a P/E ratio of 7.99, a PEG ratio of 2.35 and a beta of 0.38. The company’s fifty day simple moving average is $6.33 and its 200-day simple moving average is $6.29.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. BB Seguridade Participacoes had a net margin of 87.16% and a return on equity of 79.01%. The firm had revenue of $499.59 million during the quarter, compared to analysts’ expectations of $435.25 million. On average, sell-side analysts predict that BB Seguridade Participacoes SA will post 0.71 EPS for the current 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).