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

Banco Do Brasil SA (OTCMKTS:BDORY) gapped down before the market opened on Wednesday. The stock had previously closed at $5.29, but opened at $4.76. Banco Do Brasil shares last traded at $4.86, with a volume of 9,609 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Banco Do Brasil from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Sell”.

Banco Do Brasil Stock Performance

The firm has a market cap of $28.04 billion, a P/E ratio of 12.23, a PEG ratio of 0.98 and a beta of 0.37. The company has a current ratio of 0.73, a quick ratio of 0.93 and a debt-to-equity ratio of 1.56. The company’s 50-day moving average is $4.20 and its two-hundred day moving average is $4.24.

Banco Do Brasil Company Profile

Banco do Brasil SA is a Brazilian financial institution that provides banking and financial services to individuals, businesses, and government-related entities. Its offerings include checking and savings accounts, consumer and commercial lending, mortgages, credit and debit cards, payment solutions, foreign exchange, and digital banking services.

The bank also serves corporate and institutional customers through investment banking, treasury, capital markets, asset management, insurance, and pension products.