Banco Do Brasil (OTCMKTS:BDORY) Stock Passes Below 200 Day Moving Average - Here's Why

Banco Do Brasil SA (OTCMKTS:BDORY - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.57 and traded as low as $3.60. Banco Do Brasil shares last traded at $3.67, with a volume of 282,291 shares trading hands.

Analyst Ratings Changes

Separately, Bradesco Corretora lowered shares of Banco Do Brasil to a "neutral" rating in a research note on Friday, May 16th.

Banco Do Brasil Stock Performance

The firm has a market capitalization of $19.66 billion, a PE ratio of 3.30, a price-to-earnings-growth ratio of 1.71 and a beta of 0.59. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 5.97. The business's 50 day simple moving average is $3.96 and its two-hundred day simple moving average is $4.56.

Banco Do Brasil (OTCMKTS:BDORY - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.07). The company had revenue of $6.83 billion during the quarter, compared to analysts' expectations of $4.74 billion. Banco Do Brasil had a return on equity of 18.72% and a net margin of 11.78%. Research analysts expect that Banco Do Brasil SA will post 1.08 earnings per share for the current fiscal year.

Banco Do Brasil Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 23rd. Shareholders of record on Thursday, June 5th were issued a dividend of $0.0104 per share. This represents a dividend yield of 745.0%. The ex-dividend date of this dividend was Wednesday, June 4th. Banco Do Brasil's dividend payout ratio is 5.77%.

Banco Do Brasil Company Profile

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.