BB Seguridade Participacoes (OTCMKTS:BBSEY) Stock Breaks Below Two Hundred Day Moving Average - Here's Why

Key Points

• BB Seguridade shares fell below their 200-day moving average, trading as low as $7.32 and last at $7.35, versus the average of $7.42.
• Analyst sentiment is cautious: three analysts rate the stock Hold and one Sell, giving it an overall “Reduce” rating. Zacks upgraded it to Hold, while Citigroup downgraded it to Sell.
• The company beat quarterly earnings expectations, reporting EPS of $0.23 versus the $0.22 consensus estimate.

BB Seguridade Participacoes SA (OTCMKTS:BBSEY - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $7.42 and traded as low as $7.32. BB Seguridade Participacoes shares last traded at $7.35, with a volume of 231,880 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BBSEY shares. Zacks Research upgraded BB Seguridade Participacoes from a "strong sell" rating to a "hold" rating in a research note on Monday, August 17th. Citigroup downgraded shares of BB Seguridade Participacoes to a "sell" rating in a research note on Friday, September 11th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, BB Seguridade Participacoes presently has an average rating of "Reduce".

BB Seguridade Participacoes Price Performance

The firm has a market cap of $14.27 billion, a P/E ratio of 8.17 and a beta of 0.39. The stock's 50 day moving average is $7.95 and its two-hundred day moving average is $7.42.

BB Seguridade Participacoes (OTCMKTS:BBSEY - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. BB Seguridade Participacoes had a net margin of 87.94% and a return on equity of 79.22%. As a group, research analysts forecast that BB Seguridade Participacoes SA will post 0.87 EPS for the current fiscal year.

BB Seguridade Participacoes Company Profile

BB Seguridade Participações SA is a Brazilian holding company controlled by Banco do Brasil that operates in the insurance, brokerage, private pension and related financial-protection sectors. Through its subsidiaries and strategic partnerships, the company offers products designed for individuals, businesses and rural customers.

Its activities include the distribution and intermediation of insurance products through BB Corretora, as well as participation in companies that provide life, property, rural and other insurance products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.