BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Down - What's Next?

BB Seguridade Participacoes SA (OTCMKTS:BBSEY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $6.85, but opened at $6.67. BB Seguridade Participacoes shares last traded at $6.67, with a volume of 208 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, UBS Group downgraded BB Seguridade Participacoes from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 8th.

BB Seguridade Participacoes Stock Performance

The company has a market capitalization of $13.18 billion, a price-to-earnings ratio of 8.34, a P/E/G ratio of 1.32 and a beta of 0.65. The firm has a 50-day simple moving average of $6.74 and a two-hundred day simple moving average of $6.74.

BB Seguridade Participacoes (OTCMKTS:BBSEY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). BB Seguridade Participacoes had a return on equity of 77.90% and a net margin of 85.45%. The company had revenue of $440.93 million for the quarter, compared to analyst estimates of $2.49 billion. As a group, equities analysts forecast that BB Seguridade Participacoes SA will post 0.71 EPS for the current fiscal year.

About BB Seguridade Participacoes

BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.