BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Down – Should You Sell?

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) shares gapped down prior to trading on Thursday . The stock had previously closed at $7.46, but opened at $7.02. BB Seguridade Participacoes shares last traded at $7.02, with a volume of 1,880 shares changing hands.

Analyst Ratings Changes

A number of research analysts have recently commented on BBSEY shares. Zacks Research upgraded BB Seguridade Participacoes from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. The Goldman Sachs Group cut BB Seguridade Participacoes to a “neutral” rating in a research note on Friday, February 13th. Finally, Itau BBA Securities cut BB Seguridade Participacoes to an “underperform” rating in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, BB Seguridade Participacoes has an average rating of “Hold”.

BB Seguridade Participacoes Trading Up 0.7%

The firm has a market capitalization of $13.49 billion, a P/E ratio of 8.37 and a beta of 0.39. The company has a 50-day moving average of $6.88 and a 200-day moving average of $6.65.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last announced its earnings results on Monday, February 9th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. The business had revenue of $486.61 million during the quarter, compared to analyst estimates of $509.09 million. BB Seguridade Participacoes had a return on equity of 80.16% and a net margin of 87.29%. Research analysts predict that BB Seguridade Participacoes SA will post 0.86 EPS for the current year.

About BB Seguridade Participacoes

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).