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

Banco Do Brasil logo with Finance background

Key Points

  • Banco Do Brasil's stock has fallen below its 200-day moving average, trading at $3.68 compared to an average of $4.49.
  • The stock has been downgraded to a "neutral" rating by Bradesco Corretora amid current trading conditions.
  • Banco Do Brasil recently announced a dividend yield of 745.0%, with a payout of $0.0104 per share, reflecting a payout ratio of 5.77%.
  • Interested in Banco Do Brasil? Here are five stocks we like better.

Shares of Banco Do Brasil SA (OTCMKTS:BDORY - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.49 and traded as low as $3.63. Banco Do Brasil shares last traded at $3.68, with a volume of 2,201,286 shares traded.

Wall Street Analysts Forecast Growth

Separately, Bradesco Corretora cut shares of Banco Do Brasil to a "neutral" rating in a research note on Friday, May 16th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Banco Do Brasil presently has a consensus rating of "Hold".

Get Our Latest Stock Analysis on Banco Do Brasil

Banco Do Brasil Price Performance

The firm has a market capitalization of $21.43 billion, a PE ratio of 7.63, a price-to-earnings-growth ratio of 1.91 and a beta of 0.59. The company has a debt-to-equity ratio of 5.97, a quick ratio of 1.97 and a current ratio of 1.97. The business's 50 day moving average is $3.81 and its two-hundred day moving average is $4.45.

Banco Do Brasil Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, June 23rd. Stockholders of record on Thursday, June 5th were given a $0.0104 dividend. The ex-dividend date was Wednesday, June 4th. This represents a dividend yield of 745.0%. Banco Do Brasil's payout ratio is 7.23%.

Banco Do Brasil Company Profile

(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.

See Also

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