Banco Do Brasil (OTCMKTS:BDORY) Stock Price Down 5.6% – Here’s What Happened

Banco Do Brasil SA (OTCMKTS:BDORY) shares traded down 5.6% during trading on Monday. The company traded as low as $4.61 and last traded at $4.72. 79,480 shares traded hands during trading, a decline of 86% from the average daily volume of 565,197 shares. The stock had previously closed at $5.00.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Banco Do Brasil presently has an average rating of “Sell”.

Banco Do Brasil Price Performance

The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.93 and a current ratio of 0.73. The business’s 50 day simple moving average is $4.27 and its 200-day simple moving average is $4.26. The stock has a market capitalization of $28.20 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 0.93 and a beta of 0.37.

About Banco Do Brasil

Banco do Brasil SA is a Brazilian financial institution that provides banking and financial services to individuals, businesses, and government-related entities. Its offerings include checking and savings accounts, consumer and commercial lending, mortgages, credit and debit cards, payment solutions, foreign exchange, and digital banking services.

The bank also serves corporate and institutional customers through investment banking, treasury, capital markets, asset management, insurance, and pension products.