BB Seguridade Participacoes (OTCMKTS:BBSEY) Sees Unusually-High Trading Volume – Here’s What Happened

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) shares saw an uptick in trading volume on Thursday . 64,701 shares changed hands during trading, a decline of 10% from the previous session’s volume of 72,176 shares.The stock last traded at $6.34 and had previously closed at $6.35.

BB Seguridade Participacoes Price Performance

The stock has a market cap of $12.67 billion, a P/E ratio of 7.82, a price-to-earnings-growth ratio of 2.29 and a beta of 0.61. The stock’s 50 day simple moving average is $6.14 and its two-hundred day simple moving average is $6.39.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. The firm had revenue of $499.59 million for the quarter, compared to analyst estimates of $435.25 million. BB Seguridade Participacoes had a net margin of 87.16% and a return on equity of 84.08%. As a group, analysts forecast that BB Seguridade Participacoes SA will post 0.71 earnings per share for the current fiscal year.

BB Seguridade Participacoes Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th were given a dividend of $0.3327 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a yield of 1,065.0%. BB Seguridade Participacoes’s dividend payout ratio is currently 82.72%.

About BB Seguridade Participacoes

BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.