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Banco Do Brasil (OTCMKTS:BDORY) Share Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Banco Do Brasil logo with Finance background

Key Points

  • Banco Do Brasil's share price fell below its 200-day moving average, trading at $3.80, significantly lower than the average of $4.40.
  • Bradesco Corretora downgraded Banco Do Brasil to a "neutral" rating, contributing to its overall average rating of "Hold."
  • The stock has a market capitalization of $21.78 billion, a PE ratio of 7.76, and a debt-to-equity ratio of 5.97, indicating mixed financial health.
  • Five stocks to consider instead of Banco Do Brasil.

Shares of Banco Do Brasil SA (OTCMKTS:BDORY - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.40 and traded as low as $3.70. Banco Do Brasil shares last traded at $3.80, with a volume of 804,548 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Bradesco Corretora cut Banco Do Brasil to a "neutral" rating in a report on Friday, May 16th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold".

Read Our Latest Stock Analysis on Banco Do Brasil

Banco Do Brasil Trading Down 1.0%

The firm has a market cap of $22.69 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 2.05 and a beta of 0.64. The firm's 50-day moving average is $3.78 and its 200-day moving average is $4.37. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.95.

About Banco Do Brasil

(Get Free Report)

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.

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