Banco Do Brasil (OTCMKTS:BDORY) Reaches New 1-Year Low – What’s Next?

Banco Do Brasil SA (OTCMKTS:BDORY)’s stock price reached a new 52-week low on Thursday. The company traded as low as $2.77 and last traded at $2.80, with a volume of 446,850 shares changing hands. The stock had previously closed at $3.10.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BDORY shares. Citigroup lowered shares of Banco Do Brasil from a “buy” rating to a “sell” rating in a research report on Tuesday, October 27th. Zacks Research downgraded shares of Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. Three analysts have rated the stock with a Sell rating. According to MarketBeat, Banco Do Brasil currently has an average rating of “Strong Sell”.

Banco Do Brasil Stock Performance

The company has a quick ratio of 0.93, a current ratio of 0.73 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $15.87 billion, a PE ratio of 6.93, a PEG ratio of 0.58 and a beta of 0.46. The stock’s fifty day simple moving average is $4.23 and its 200-day simple moving average is $4.33.

Banco Do Brasil Company Profile

Banco do Brasil is a state-controlled Brazilian financial institution founded in 1808. Headquartered in Brasília, it serves individuals, businesses, farmers and public-sector entities across Brazil. The bank offers deposits, loans, credit and debit cards, payment services, foreign exchange and investment products. Its activities also include asset management, insurance, investment banking and services for agribusiness, a key part of its business in Brazil. Banco do Brasil operates an extensive domestic network and maintains an international presence in selected markets, supporting customers and facilitating trade and financial services across borders.