Banco Do Brasil (OTCMKTS:BDORY) Shares Gap Down – Here’s What Happened

Banco Do Brasil SA (OTCMKTS:BDORY) gapped down prior to trading on Monday. The stock had previously closed at $5.0630, but opened at $3.9550. Banco Do Brasil shares last traded at $3.81, with a volume of 146,532 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Banco Do Brasil has a consensus rating of “Sell”.

Banco Do Brasil Price Performance

The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.93 and a current ratio of 0.73. The firm has a market capitalization of $20.00 billion, a P/E ratio of 8.73, a price-to-earnings-growth ratio of 0.95 and a beta of 0.37. The company has a 50-day moving average price of $4.41 and a 200-day moving average price of $4.27.

Banco Do Brasil Company Profile

Banco do Brasil SA is a Brazilian financial institution that provides banking and financial services to individuals, businesses, farmers, corporations and government entities. The bank offers deposit accounts, consumer and commercial lending, credit and debit cards, payment services, foreign-exchange operations, investment products and other traditional banking services.

The company is also a major provider of financing and banking support for Brazil’s agricultural sector, serving producers, agribusiness companies and rural communities.