Banco Do Brasil (OTCMKTS:BDORY) Shares Gap Down – Should You Sell?

Banco Do Brasil SA (OTCMKTS:BDORY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $4.69, but opened at $4.49. Banco Do Brasil shares last traded at $4.56, with a volume of 11,763 shares.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Banco Do Brasil from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Banco Do Brasil presently has an average rating of “Hold”.

Banco Do Brasil Price Performance

The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.90 and a current ratio of 0.90. The business has a 50 day moving average price of $4.75 and a 200-day moving average price of $4.32. The company has a market capitalization of $26.10 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 0.31 and a beta of 0.39.

Banco Do Brasil (OTCMKTS:BDORY) last released its earnings results on Wednesday, February 11th. The financial services provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. The business had revenue of $8.61 billion during the quarter, compared to analysts’ expectations of $7.41 billion. Banco Do Brasil had a return on equity of 11.06% and a net margin of 3.76%. Research analysts predict that Banco Do Brasil SA will post 1.08 EPS 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.