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

Banco Do Brasil SA (OTCMKTS:BDORY) shares gapped down prior to trading on Monday. The stock had previously closed at $5.0630, but opened at $3.9550. Banco Do Brasil shares last traded at $3.81, with a volume of 146,532 shares traded.

Analysts Set New Price Targets

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

Banco Do Brasil Stock Down 31.1%

The firm has a market capitalization of $20.00 billion, a P/E ratio of 8.73, a PEG ratio of 0.95 and a beta of 0.37. The firm’s 50-day moving average is $4.41 and its 200 day moving average is $4.27. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.93 and a current ratio of 0.73.

About Banco Do Brasil

Banco do Brasil SA is a Brazilian financial institution that provides banking and financial services to individuals, businesses, farmers, corporations and government entities. The bank offers deposit accounts, consumer and commercial lending, credit and debit cards, payment services, foreign-exchange operations, investment products and other traditional banking services.

The company is also a major provider of financing and banking support for Brazil’s agricultural sector, serving producers, agribusiness companies and rural communities.