Banco Do Brasil (OTCMKTS:BDORY) Trading 5.5% Higher – Here’s What Happened

Banco Do Brasil SA (OTCMKTS:BDORY) was up 5.5% on Friday . The stock traded as high as $4.10 and last traded at $4.0950. Approximately 167,575 shares were traded during mid-day trading, a decline of 66% from the average session volume of 494,892 shares. The stock had previously closed at $3.88.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

Banco Do Brasil Stock Up 5.5%

The company has a market cap of $23.47 billion, a PE ratio of 9.99, a P/E/G ratio of 0.33 and a beta of 0.41. The firm has a 50-day simple moving average of $4.06 and a two-hundred day simple moving average of $4.42. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.93 and a quick ratio of 0.93.

Banco Do Brasil (OTCMKTS:BDORY) last issued its quarterly earnings data on Wednesday, May 13th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). The company had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $7.84 billion. Banco Do Brasil had a net margin of 3.34% and a return on equity of 8.86%. Research analysts anticipate that Banco Do Brasil SA will post 0.66 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.