Banco Do Brasil (OTCMKTS:BDORY) Shares Gap Down - Here's What Happened

Key Points

• Banco Do Brasil shares gapped down from a previous close of $4.00 to open at $3.82, last trading at $3.91 with a volume of 14,811 shares.
• Bradesco Corretora lowered its rating on Banco Do Brasil to "neutral", contributing to an overall average rating of "Hold" among analysts.
• As of now, Banco Do Brasil's 50-day moving average price is $3.78, while the 200-day moving average price stands at $4.37, reflecting a recent 2.3% decline in stock value.

Banco Do Brasil SA (OTCMKTS:BDORY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $4.00, but opened at $3.82. Banco Do Brasil shares last traded at $3.91, with a volume of 14,811 shares.

Banco Do Brasil Price Performance

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.95. The firm has a market cap of $24.36 billion, a P/E ratio of 8.67, a P/E/G ratio of 2.16 and a beta of 0.64. The business's 50 day moving average is $3.78 and its two-hundred day moving average is $4.35.

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.