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

Key Points

• Banco do Brasil shares fell below their 200-day moving average, reaching $3.77 before last trading at $4.03 on volume of 755,081 shares.
• Analyst sentiment is bearish: Goldman Sachs and Zacks Research downgraded the stock to “strong sell,” while MarketBeat reports an overall average rating of “Sell.”
• The bank’s latest quarterly EPS of $0.11 missed the $0.13 consensus estimate, although revenue of $8.60 billion exceeded expectations of $7.84 billion.

Banco Do Brasil SA (OTCMKTS:BDORY - Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.43 and traded as low as $3.77. Banco Do Brasil shares last traded at $4.03, with a volume of 755,081 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BDORY. The Goldman Sachs Group downgraded shares of Banco Do Brasil from a "hold" rating to a "strong sell" rating in a research note on Wednesday, April 29th. Zacks Research cut Banco Do Brasil from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Sell".

Banco Do Brasil Trading Up 4.9%

The stock's fifty day moving average price is $3.98 and its 200 day moving average price is $4.43. The stock has a market cap of $23.10 billion, a P/E ratio of 9.83, a PEG ratio of 0.37 and a beta of 0.41. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.56.

Banco Do Brasil (OTCMKTS:BDORY - Get Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). Banco Do Brasil had a return on equity of 8.86% and a net margin of 3.34%.The business had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $7.84 billion. Equities research analysts expect that Banco Do Brasil SA will post 0.64 earnings per share for the current year.

Banco Do Brasil Company Profile

Banco do Brasil SA is one of Brazil's largest and oldest financial institutions, founded in 1808. As a state-controlled commercial bank with a long history in the country's financial system, it provides a broad range of universal banking services to individual, corporate and public-sector clients. The bank's activities include retail banking, corporate and commercial lending, asset management, investment banking, treasury and capital markets operations, trade finance and international banking services.

Banco do Brasil offers a full suite of products such as deposit accounts, payment and cash management services, mortgages and consumer credit, credit cards, leasing and structured finance, as well as insurance and pension products through affiliated businesses.

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