Banco Do Brasil (OTCMKTS:BDORY) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Banco Do Brasil SA (OTCMKTS:BDORY) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.42 and traded as low as $3.89. Banco Do Brasil shares last traded at $4.05, with a volume of 1,115,554 shares changing hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded shares of Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Banco Do Brasil presently has a consensus rating of “Reduce”.

Banco Do Brasil Trading Down 0.7%

The firm has a market cap of $23.21 billion, a P/E ratio of 9.88, a price-to-earnings-growth ratio of 0.39 and a beta of 0.41. The business’s 50 day moving average is $4.00 and its 200-day moving average is $4.42. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.56.

Banco Do Brasil (OTCMKTS:BDORY) last announced its quarterly earnings data on Wednesday, May 13th. The financial services provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). The company had revenue of $8.60 billion for the quarter, compared to analyst estimates of $7.84 billion. Banco Do Brasil had a return on equity of 8.86% and a net margin of 3.34%. As a group, analysts forecast that Banco Do Brasil SA will post 0.64 earnings per share for the current fiscal year.

Banco Do Brasil Company Profile

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.