Banco Bradesco (NYSE:BBDO) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Banco Bradesco S.A. (NYSE:BBDO)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.17 and traded as low as $1.83. Banco Bradesco shares last traded at $1.83, with a volume of 37,841 shares trading hands.

Banco Bradesco Trading Down 0.5 %

The business has a 50 day moving average of $1.91 and a two-hundred day moving average of $2.17. The firm has a market capitalization of $19.48 billion, a price-to-earnings ratio of 7.04 and a beta of 1.09. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.72 and a current ratio of 0.72.

Banco Bradesco Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 5th will be given a dividend of $0.0028 per share. This represents a $0.03 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Wednesday, February 5th. Banco Bradesco’s payout ratio is 11.54%.

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.