BANCO DO BRASIL/S (OTCMKTS:BDORY) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Shares of BANCO DO BRASIL/S (OTCMKTS:BDORY) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.65 and traded as low as $4.18. BANCO DO BRASIL/S shares last traded at $4.30, with a volume of 381,430 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group lowered 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 research note on Thursday, December 5th.

BANCO DO BRASIL/S Trading Down 3.2 %

The firm has a market cap of $23.90 billion, a P/E ratio of 3.69, a PEG ratio of 1.33 and a beta of 1.02. The business’s fifty day simple moving average is $4.17 and its 200-day simple moving average is $4.64.

BANCO DO BRASIL/S Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 13th were paid a $0.0227 dividend. The ex-dividend date of this dividend was 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.