Banco Do Brasil (OTCMKTS:BDORY) Shares Gap Down – Here’s Why

Shares of Banco Do Brasil SA (OTCMKTS:BDORY) gapped down prior to trading on Wednesday . The stock had previously closed at $4.2010, but opened at $4.01. Banco Do Brasil shares last traded at $4.19, with a volume of 5,988 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Banco Do Brasil presently has a consensus rating of “Sell”.

Banco Do Brasil Stock Performance

The firm’s 50 day simple moving average is $3.96 and its 200 day simple moving average is $4.33. The firm has a market capitalization of $24.64 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 0.39 and a beta of 0.41. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.93 and a current ratio of 0.93.

About Banco Do Brasil

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.