Banco Bradesco (NYSE:BBDO) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Shares of Banco Bradesco S.A. (NYSE:BBDOGet Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.17 and traded as low as $1.83. Banco Bradesco shares last traded at $1.83, with a volume of 37,841 shares traded.

Banco Bradesco Trading Down 0.5 %

The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.36. The company’s fifty day moving average price is $1.92 and its two-hundred day moving average price is $2.17. The firm has a market cap of $19.48 billion, a PE ratio of 7.04 and a beta of 1.09.

Banco Bradesco Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 5th will be issued a $0.0028 dividend. This represents a $0.03 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, February 5th. Banco Bradesco’s dividend payout ratio is presently 11.54%.

Banco Bradesco Company Profile

(Get Free Report)

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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