BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Down – Time to Sell?

BB Seguridade Participacoes SA (OTCMKTS:BBSEYGet Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $6.98, but opened at $6.6285. BB Seguridade Participacoes shares last traded at $6.5950, with a volume of 7,255 shares.

Analyst Ratings Changes

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

Check Out Our Latest Report on BB Seguridade Participacoes

BB Seguridade Participacoes Stock Performance

The company has a market cap of $13.58 billion, a PE ratio of 8.18, a PEG ratio of 2.39 and a beta of 0.35. The company has a 50 day simple moving average of $6.97 and a two-hundred day simple moving average of $6.56.

BB Seguridade Participacoes (OTCMKTS:BBSEYGet Free Report) last posted its quarterly earnings results on Monday, February 9th. The company reported $0.22 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 analysts’ expectations of $509.09 million. BB Seguridade Participacoes had a net margin of 87.29% and a return on equity of 80.16%. As a group, analysts expect that BB Seguridade Participacoes SA will post 0.71 earnings per share for the current fiscal year.

About BB Seguridade Participacoes

(Get Free Report)

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).

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