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

Shares of BB Seguridade Participacoes SA (OTCMKTS:BBSEY) gapped down prior to trading 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.

Analyst Ratings Changes

Several brokerages have commented on BBSEY. Zacks Research raised BB Seguridade Participacoes from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Itau BBA Securities raised BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a report on Tuesday, June 16th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, BB Seguridade Participacoes presently has a consensus rating of “Hold”.

BB Seguridade Participacoes Price Performance

The firm’s 50 day moving average price is $7.88 and its 200-day moving average price is $7.33. The stock has a market cap of $15.61 billion, a P/E ratio of 8.93 and a beta of 0.38.

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

BB Seguridade Participacoes Company Profile

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.