Banco Do Brasil (OTCMKTS:BDORY) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Banco Do Brasil SA (OTCMKTS:BDORY) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.99 and traded as low as $3.99. Banco Do Brasil shares last traded at $3.99, with a volume of 407,537 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered shares of Banco Do Brasil from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Banco Do Brasil Trading Down 0.7%

The firm’s fifty day moving average price is $4.10 and its 200-day moving average price is $3.99. The company has a market cap of $22.87 billion, a price-to-earnings ratio of 10.23, a P/E/G ratio of 2.09 and a beta of 0.45. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.00 and a quick ratio of 0.99.

Banco Do Brasil (OTCMKTS:BDORY) last issued its quarterly earnings data on Thursday, November 13th. The financial services provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.03). The firm had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $7.06 billion. Banco Do Brasil had a net margin of 3.75% and a return on equity of 12.73%. On average, equities analysts expect that Banco Do Brasil SA will post 1.08 EPS for the current fiscal year.

About Banco Do Brasil

Banco do Brasil SA provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company's Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population.