BANCO DO BRASIL/S (OTCMKTS:BDORY) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

BANCO DO BRASIL/S (OTCMKTS:BDORY)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.77 and traded as low as $3.89. BANCO DO BRASIL/S shares last traded at $3.91, with a volume of 210,769 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lowered shares of BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 5th. Citigroup downgraded shares of BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 5th.

BANCO DO BRASIL/S Stock Performance

The company has a current ratio of 1.00, a quick ratio of 1.04 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $22.41 billion, a price-to-earnings ratio of 3.46, a price-to-earnings-growth ratio of 1.63 and a beta of 1.03. The firm’s fifty day moving average price is $4.38 and its 200 day moving average price is $4.75.

BANCO DO BRASIL/S Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be given a $0.0227 dividend. The ex-dividend date of this dividend is Friday, December 13th. BANCO DO BRASIL/S’s dividend payout ratio is currently 7.96%.

BANCO DO BRASIL/S Company Profile

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.