Shares of Banco Bradesco S.A. (NYSE:BBDO – Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $2.26 and last traded at $2.27, with a volume of 14197 shares. The stock had previously closed at $2.31.
Banco Bradesco Trading Down 1.7 %
The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.54. The firm’s fifty day moving average is $2.44 and its two-hundred day moving average is $2.68. The firm has a market cap of $24.19 billion, a P/E ratio of 9.87 and a beta of 1.11.
Banco Bradesco (NYSE:BBDO – Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The bank reported $0.08 earnings per share (EPS) for the quarter. Banco Bradesco had a net margin of 6.70% and a return on equity of 9.55%. The company had revenue of $9.64 billion for the quarter.
Banco Bradesco Increases Dividend
Hedge Funds Weigh In On Banco Bradesco
Several large investors have recently modified their holdings of the stock. QRG Capital Management Inc. purchased a new position in Banco Bradesco in the third quarter worth about $32,000. Schechter Investment Advisors LLC purchased a new stake in Banco Bradesco during the 3rd quarter valued at $63,000. Advisors Preferred LLC purchased a new stake in shares of Banco Bradesco during the fourth quarter valued at $79,000. Profund Advisors LLC bought a new stake in Banco Bradesco in the 3rd quarter worth about $195,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Banco Bradesco in the 3rd quarter worth about $364,000.
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.
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