Banco Bradesco (NYSE:BBDO) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Shares of Banco Bradesco S.A. (NYSE:BBDO) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.23 and traded as low as $1.84. Banco Bradesco shares last traded at $1.85, with a volume of 54,813 shares changing hands.

Banco Bradesco Trading Down 1.6 %

The company has a 50 day moving average of $2.14 and a 200-day moving average of $2.23. 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 Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be given a $0.003 dividend. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Wednesday, December 4th. Banco Bradesco’s dividend payout ratio (DPR) is presently 11.54%.

Banco Bradesco Company Profile

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.