BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Down – Time to Sell?

Shares of BB Seguridade Participacoes SA (OTCMKTS:BBSEY) gapped down before the market opened on Friday . The stock had previously closed at $7.83, but opened at $7.15. BB Seguridade Participacoes shares last traded at $7.21, with a volume of 13,519 shares traded.

Analyst Upgrades and Downgrades

BBSEY has been the subject of a number of research reports. Zacks Research cut shares of BB Seguridade Participacoes from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Itau BBA Securities upgraded BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a research report on Tuesday, June 16th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

BB Seguridade Participacoes Stock Performance

The firm has a market capitalization of $13.92 billion, a price-to-earnings ratio of 7.97 and a beta of 0.36. The firm has a fifty day moving average price of $7.80 and a 200 day moving average price of $7.28.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last released its earnings results on Tuesday, August 4th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. BB Seguridade Participacoes had a return on equity of 78.75% and a net margin of 87.94%.The company had revenue of $508.16 million during the quarter, compared to the consensus estimate of $489.08 million. Research analysts predict that BB Seguridade Participacoes SA will post 0.87 earnings per share for the current fiscal year.

About BB Seguridade Participacoes

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).