BB Seguridade Participacoes (OTCMKTS:BBSEY) Trading Down 7.4% – Should You Sell?

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) dropped 7.4% on Monday . The company traded as low as $6.62 and last traded at $6.67. Approximately 8,885 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 117,165 shares. The stock had previously closed at $7.20.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded BB Seguridade Participacoes to a “neutral” rating in a research report on Friday, February 13th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

BB Seguridade Participacoes Trading Down 0.9%

The business’s 50-day simple moving average is $6.87 and its two-hundred day simple moving average is $6.45. The firm has a market cap of $13.36 billion, a price-to-earnings ratio of 8.05, a P/E/G ratio of 2.54 and a beta of 0.34.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last posted its quarterly earnings data on Monday, February 9th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. The company had revenue of $486.61 million during the quarter, compared to analysts’ expectations of $509.09 million. BB Seguridade Participacoes had a net margin of 87.29% and a return on equity of 78.13%. On average, analysts forecast that BB Seguridade Participacoes SA will post 0.71 earnings per share for the current fiscal year.

BB Seguridade Participacoes Company Profile

BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.

The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).