Banco Bradesco (NYSE:BBDO) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Banco Bradesco S.A. (NYSE:BBDO) passed below its 200-day moving average during trading on Friday . The stock has a 200-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.

Banco Bradesco Stock Down 0.5 %

The firm’s 50-day moving average price is $1.92 and its two-hundred day moving average price is $2.17. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $19.48 billion, a PE ratio of 7.04 and a beta of 1.09.

Banco Bradesco Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 5th will be given a $0.0028 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $0.03 dividend on an annualized basis and a yield of 1.85%. Banco Bradesco’s dividend payout ratio (DPR) is presently 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.