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

Banco Do Brasil SA (OTCMKTS:BDORY)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.99 and traded as low as $3.99. Banco Do Brasil shares last traded at $3.99, with a volume of 407,537 shares traded.

Analyst Ratings Changes

Separately, Citigroup cut shares of Banco Do Brasil from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Banco Do Brasil Stock Down 0.7%

The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $22.87 billion, a P/E ratio of 10.23, a PEG ratio of 2.10 and a beta of 0.45. The firm’s 50 day moving average price is $4.10 and its two-hundred day moving average price is $3.99.

Banco Do Brasil (OTCMKTS:BDORY) last announced its earnings results on Thursday, November 13th. The financial services provider reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03). The business had revenue of $7.14 billion for the quarter, compared to analyst estimates of $7.06 billion. Banco Do Brasil had a return on equity of 12.73% and a net margin of 3.75%. Equities research analysts forecast that Banco Do Brasil SA will post 1.08 EPS for the current year.

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.