Banco Bradesco (NYSE:BBDO) Shares Gap Down – Time to Sell?

Banco Bradesco S.A. (NYSE:BBDO) gapped down prior to trading on Friday . The stock had previously closed at $1.80, but opened at $1.76. Banco Bradesco shares last traded at $1.80, with a volume of 23,973 shares.

Banco Bradesco Trading Down 0.6 %

The stock has a market cap of $19.04 billion, a PE ratio of 6.88 and a beta of 1.11. The firm has a 50-day moving average price of $2.05 and a 200-day moving average price of $2.21. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.72 and a current ratio of 0.72.

Banco Bradesco Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Monday, August 11th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.0329 per share. The ex-dividend date is Friday, January 3rd. This represents a yield of 11.2%. Banco Bradesco’s dividend payout ratio is 7.69%.

About Banco Bradesco

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.