BANCO BRADESCO/S (NYSE:BBDO) Stock Price Passes Above 50 Day Moving Average of $7.62

BANCO BRADESCO/S (NYSE:BBDO) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $7.62 and traded as high as $7.77. BANCO BRADESCO/S shares last traded at $7.58, with a volume of 1,600 shares traded.

Separately, ValuEngine lowered BANCO BRADESCO/S from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st.

The firm has a market cap of $73.54 billion, a P/E ratio of 9.82 and a beta of 0.99. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 0.79. The firm has a fifty day moving average of $7.59 and a 200-day moving average of $8.35.

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 8th. Investors of record on Wednesday, September 4th will be issued a dividend of $0.003 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.04 annualized dividend and a yield of 0.47%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in BANCO BRADESCO/S during the second quarter worth about $101,000. Morgan Stanley raised its holdings in BANCO BRADESCO/S by 401.8% during the second quarter. Morgan Stanley now owns 169,847 shares of the bank’s stock worth $1,513,000 after acquiring an additional 135,998 shares in the last quarter. Finally, FIL Ltd raised its holdings in BANCO BRADESCO/S by 54.0% during the first quarter. FIL Ltd now owns 1,131,851 shares of the bank’s stock worth $10,877,000 after acquiring an additional 396,957 shares in the last quarter. Institutional investors and hedge funds own 0.02% of the company’s stock.

BANCO BRADESCO/S Company Profile (NYSE:BBDO)

Banco Bradesco SA, together with its subsidiaries, provides banking and financial products and services to individuals, corporates, and businesses in Brazil and internationally. It operates through two segments, Banking and Insurance. The company accepts checking and savings accounts, demand deposits, time deposits, and interbank deposits.

Read More: Trading Strategy Examples and Plans

Receive News & Ratings for BANCO BRADESCO/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BANCO BRADESCO/S and related companies with MarketBeat.com's FREE daily email newsletter.