Banco Do Brasil (OTCMKTS:BDORY) Stock Crosses Below 50-Day Moving Average - Here's Why

Key Points

• Stock technicals: Banco do Brasil crossed below its 50-day moving average (50‑day MA $4.81), trading as low as $4.57 and last at $4.66 (200‑day MA $4.35).
• Quarterly beat: The bank reported Q EPS of $0.19 vs. $0.13 expected and revenue of $8.61B vs. $7.41B expected, and analysts project about $1.08 EPS for the year.
• Analyst action: Zacks upgraded the stock from "strong sell" to "hold," and the consensus rating on MarketBeat is currently "Hold" (three analysts at Hold).

Banco Do Brasil SA (OTCMKTS:BDORY - Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.81 and traded as low as $4.57. Banco Do Brasil shares last traded at $4.66, with a volume of 307,482 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Banco Do Brasil from a "strong sell" rating to a "hold" rating in a research note on Monday, February 2nd. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold".

Banco Do Brasil Stock Up 0.6%

The business's 50 day moving average is $4.81 and its 200-day moving average is $4.35. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $26.71 billion, a PE ratio of 10.84, a P/E/G ratio of 0.32 and a beta of 0.47.

Banco Do Brasil (OTCMKTS:BDORY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.06. Banco Do Brasil had a net margin of 3.76% and a return on equity of 11.06%. The company had revenue of $8.61 billion during the quarter, compared to the consensus estimate of $7.41 billion. As a group, analysts predict that Banco Do Brasil SA will post 1.08 EPS for the current year.

About Banco Do Brasil

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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