Banco Do Brasil (OTCMKTS:BDORY) Sees Large Volume Increase – Here’s What Happened

Shares of Banco Do Brasil SA (OTCMKTS:BDORY) saw strong trading volume on Friday. Approximately 1,481,708 shares were traded during trading, an increase of 102% from the average daily volume of 732,011 shares. The stock last traded at $2.72 and had previously closed at $2.79.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BDORY. Citigroup cut shares of Banco Do Brasil from a “buy” rating to a “sell” rating in a research note on Tuesday, October 27th. Zacks Research lowered shares of Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 22nd. Three analysts have rated the stock with a Sell rating. According to data from MarketBeat.com, the company has a consensus rating of “Strong Sell”.

Banco Do Brasil Stock Down 1.1%

The stock has a market capitalization of $15.82 billion, a price-to-earnings ratio of 6.90, a price-to-earnings-growth ratio of 0.52 and a beta of 0.46. The company has a quick ratio of 0.93, a current ratio of 0.73 and a debt-to-equity ratio of 1.56. The firm has a 50-day moving average of $4.16 and a two-hundred day moving average of $4.32.

Banco Do Brasil (OTCMKTS:BDORY) last announced its quarterly earnings data on Friday, November 13th. The financial services provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.11). Banco Do Brasil had a return on equity of 8.88% and a net margin of 3.14%. The business had revenue of $8.24 billion for the quarter, compared to analyst estimates of $8.04 billion. As a group, sell-side analysts anticipate that Banco Do Brasil SA will post 0.59 earnings per share for the current year.

About Banco Do Brasil

Banco do Brasil is a state-controlled Brazilian financial institution founded in 1808. Headquartered in Brasília, it serves individuals, businesses, farmers and public-sector entities across Brazil. The bank offers deposits, loans, credit and debit cards, payment services, foreign exchange and investment products. Its activities also include asset management, insurance, investment banking and services for agribusiness, a key part of its business in Brazil. Banco do Brasil operates an extensive domestic network and maintains an international presence in selected markets, supporting customers and facilitating trade and financial services across borders.