BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Down – Should You Sell?

BB Seguridade Participacoes SA (OTCMKTS:BBSEY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $7.20, but opened at $6.5250. BB Seguridade Participacoes shares last traded at $6.58, with a volume of 80,429 shares changing hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut shares of BB Seguridade Participacoes to a “neutral” rating in a research report on Friday, February 13th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, BB Seguridade Participacoes presently has a consensus rating of “Hold”.

BB Seguridade Participacoes Stock Performance

The stock has a market cap of $13.60 billion, a PE ratio of 8.19, a P/E/G ratio of 2.52 and a beta of 0.34. The business’s fifty day moving average price is $6.87 and its 200-day moving average price is $6.44.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last issued its quarterly earnings data on Monday, February 9th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. The company had revenue of $486.61 million during the quarter, compared to analyst estimates of $509.09 million. BB Seguridade Participacoes had a return on equity of 78.13% and a net margin of 87.29%. Analysts forecast that BB Seguridade Participacoes SA will post 0.71 earnings per share for the current fiscal year.

BB Seguridade Participacoes Company Profile

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).