Banco Bradesco (NYSE:BBDO) Stock Price Crosses Below 200 Day Moving Average - Here's Why

Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) shares 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 trading hands.

Banco Bradesco Stock Down 0.5 %

The company's 50 day simple moving average is $1.91 and its 200-day simple moving average is $2.17. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.36. The firm has a market cap of $19.48 billion, a P/E ratio of 7.04 and a beta of 1.09.

Banco Bradesco Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 5th will be issued a dividend of $0.0028 per share. This represents a $0.03 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, February 5th. Banco Bradesco's dividend payout ratio (DPR) is currently 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.