BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Up – Here’s Why

BB Seguridade Participacoes SA (OTCMKTS:BBSEY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $6.1750, but opened at $6.50. BB Seguridade Participacoes shares last traded at $6.49, with a volume of 1,472 shares trading hands.

BB Seguridade Participacoes Trading Down 0.2%

The company has a market capitalization of $12.98 billion, a PE ratio of 8.01, a PEG ratio of 2.34 and a beta of 0.61. The company has a fifty day simple moving average of $6.21 and a 200-day simple moving average of $6.32.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. BB Seguridade Participacoes had a net margin of 87.16% and a return on equity of 84.08%. The firm had revenue of $499.59 million for the quarter, compared to analysts’ expectations of $435.25 million. On average, equities analysts predict that BB Seguridade Participacoes SA will post 0.71 EPS for the current fiscal year.

About BB Seguridade Participacoes

BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.