BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Down – What’s Next?

Shares of BB Seguridade Participacoes SA (OTCMKTS:BBSEY) gapped down before the market opened on Thursday . The stock had previously closed at $8.37, but opened at $7.90. BB Seguridade Participacoes shares last traded at $7.9235, with a volume of 11,207 shares traded.

Analyst Ratings Changes

Several analysts recently weighed in on BBSEY shares. Citigroup cut BB Seguridade Participacoes to a “sell” rating in a report on Friday. Itau BBA Securities upgraded BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a research report on Tuesday, June 16th. Finally, Zacks Research raised BB Seguridade Participacoes from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, BB Seguridade Participacoes currently has a consensus rating of “Reduce”.

BB Seguridade Participacoes Trading Down 4.2%

The stock’s 50-day simple moving average is $7.90 and its 200-day simple moving average is $7.34. The stock has a market cap of $15.07 billion, a price-to-earnings ratio of 8.62 and a beta of 0.38.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The company had revenue of $508.16 million during the quarter, compared to the consensus estimate of $489.08 million. BB Seguridade Participacoes had a net margin of 87.94% and a return on equity of 79.22%. On average, equities research analysts forecast that BB Seguridade Participacoes SA will post 0.87 earnings per share for the current year.

About BB Seguridade Participacoes

BB Seguridade Participações SA is a Brazilian holding company focused on insurance, brokerage, private pension, capitalization and related financial protection products. The company operates primarily through subsidiaries that develop and distribute insurance and other financial products to individuals, businesses and rural customers.

Its principal businesses include Brasilseg, which provides property, life, rural, credit and other insurance products, and BB Corretora, which brokers insurance, private pension and capitalization products.