BANCO DO BRASIL/S (OTCMKTS:BDORY) Stock Passes Below 200-Day Moving Average – Here’s What Happened

BANCO DO BRASIL/S (OTCMKTS:BDORY)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.65 and traded as low as $4.18. BANCO DO BRASIL/S shares last traded at $4.30, with a volume of 381,430 shares traded.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. The Goldman Sachs Group downgraded shares of BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th. Citigroup cut shares of BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 5th.

BANCO DO BRASIL/S Stock Performance

The stock has a fifty day simple moving average of $4.17 and a 200 day simple moving average of $4.64. The firm has a market cap of $23.90 billion, a P/E ratio of 3.69, a price-to-earnings-growth ratio of 1.33 and a beta of 1.02.

BANCO DO BRASIL/S Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 13th were issued a $0.0227 dividend. The ex-dividend date was Friday, December 13th. BANCO DO BRASIL/S’s payout ratio is 7.96%.

About BANCO DO BRASIL/S

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.