BANCO DO BRASIL/S (OTCMKTS:BDORY) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

BANCO DO BRASIL/S (OTCMKTS:BDORY) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.77 and traded as low as $3.89. BANCO DO BRASIL/S shares last traded at $3.91, with a volume of 210,769 shares changing hands.

Analysts Set New Price Targets

BDORY has been the topic of a number of recent analyst reports. Citigroup lowered BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 5th. The Goldman Sachs Group cut BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 5th.

BANCO DO BRASIL/S Trading Down 1.0 %

The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.04 and a current ratio of 1.00. The company has a market capitalization of $22.41 billion, a P/E ratio of 3.46, a PEG ratio of 1.63 and a beta of 1.03. The company’s fifty day simple moving average is $4.41 and its 200-day simple moving average is $4.77.

BANCO DO BRASIL/S Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.0227 per share. The ex-dividend date of this dividend is Friday, December 13th. BANCO DO BRASIL/S’s dividend payout ratio 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.