BANCO DO BRASIL/S (OTCMKTS:BDORY) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of BANCO DO BRASIL/S (OTCMKTS:BDORY) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $4.15 and traded as high as $4.68. BANCO DO BRASIL/S shares last traded at $4.60, with a volume of 602,632 shares trading hands.

Wall Street Analyst Weigh In

BDORY has been the subject of several recent research reports. 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 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 Up 0.4 %

The company’s 50-day moving average is $4.15 and its two-hundred day moving average is $4.63. The stock has a market capitalization of $26.48 billion, a P/E ratio of 4.09, a P/E/G ratio of 1.46 and a beta of 1.02.

BANCO DO BRASIL/S Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 13th were issued a dividend of $0.0227 per share. The ex-dividend date of this dividend was Friday, December 13th. BANCO DO BRASIL/S’s dividend payout ratio (DPR) is presently 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.