Banco Bradesco S.A. (NYSE:BBDO – Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.70 and traded as low as $2.37. Banco Bradesco shares last traded at $2.40, with a volume of 6,345 shares changing hands.
Banco Bradesco Stock Performance
The firm’s 50 day moving average price is $2.49 and its 200-day moving average price is $2.70. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.97 and a quick ratio of 0.97.
Banco Bradesco (NYSE:BBDO – Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The bank reported $0.06 EPS for the quarter. Banco Bradesco had a net margin of 6.38% and a return on equity of 9.06%. The firm had revenue of $9.11 billion during the quarter.
Banco Bradesco Cuts Dividend
Institutional Trading of Banco Bradesco
A number of institutional investors have recently bought and sold shares of BBDO. QRG Capital Management Inc. bought a new stake in shares of Banco Bradesco in the 3rd quarter valued at $32,000. Schechter Investment Advisors LLC bought a new position in shares of Banco Bradesco during the third quarter worth about $63,000. Advisors Preferred LLC bought a new position in shares of Banco Bradesco during the 4th quarter worth approximately $79,000. Profund Advisors LLC acquired a new stake in shares of Banco Bradesco in the third quarter valued at approximately $195,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Banco Bradesco in the third quarter worth $364,000.
Banco Bradesco Company Profile
Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.
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