Brink's (NYSE:BCO) Reaches New 1-Year Low - Here's Why

The Brink's Company (NYSE:BCO - Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $87.36 and last traded at $89.34, with a volume of 338491 shares. The stock had previously closed at $89.73.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Brink's from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 8th.

Brink's Stock Performance

The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The stock has a fifty day moving average price of $87.64 and a 200-day moving average price of $92.66. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 34.61 and a beta of 1.27.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.26. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. Brink's had a return on equity of 71.46% and a net margin of 2.37%. On average, analysts expect that The Brink's Company will post 6.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC increased its position in shares of Brink's by 13.6% in the fourth quarter. Sound Income Strategies LLC now owns 69,930 shares of the business services provider's stock valued at $6,487,000 after buying an additional 8,352 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Brink's by 10.9% in the third quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider's stock valued at $27,901,000 after purchasing an additional 23,781 shares during the last quarter. Y Intercept Hong Kong Ltd increased its stake in shares of Brink's by 3.6% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 5,289 shares of the business services provider's stock worth $491,000 after purchasing an additional 184 shares in the last quarter. Profit Investment Management LLC raised its position in shares of Brink's by 13.9% during the 4th quarter. Profit Investment Management LLC now owns 24,648 shares of the business services provider's stock worth $2,287,000 after purchasing an additional 3,005 shares during the last quarter. Finally, Choreo LLC acquired a new stake in Brink's during the 4th quarter valued at $463,000. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink's Company Profile

The Brink's Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.