Banco Do Brasil (OTCMKTS:BDORY) Stock Crosses Below 200 Day Moving Average – What’s Next?

Shares of Banco Do Brasil SA (OTCMKTS:BDORY) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.26 and traded as low as $3.96. Banco Do Brasil shares last traded at $3.97, with a volume of 328,142 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded Banco Do Brasil from a “hold” rating to a “buy” rating in a research report on Wednesday, September 17th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Banco Do Brasil presently has an average rating of “Hold”.

Banco Do Brasil Stock Performance

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.95. The company has a market cap of $22.75 billion, a P/E ratio of 8.10, a P/E/G ratio of 2.05 and a beta of 0.61. The business has a fifty day moving average of $3.92 and a 200 day moving average of $4.26.

About Banco Do Brasil

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.