Banco Do Brasil (OTCMKTS:BDORY) Sets New 1-Year Low – What’s Next?

Banco Do Brasil SA (OTCMKTS:BDORY) shares reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $3.11 and last traded at $3.11, with a volume of 219,023 shares. The stock had previously closed at $3.19.

Analyst Ratings Changes

A number of brokerages have recently commented on BDORY. Zacks Research cut shares of Banco Do Brasil from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. Citigroup downgraded Banco Do Brasil from a “buy” rating to a “sell” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Sell”.

Banco Do Brasil Price Performance

The stock has a market capitalization of $17.54 billion, a price-to-earnings ratio of 7.65, a price-to-earnings-growth ratio of 0.60 and a beta of 0.37. The business’s 50 day simple moving average is $4.36 and its 200-day simple moving average is $4.38. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.93 and a current ratio of 0.73.

Banco Do Brasil Company Profile

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.