Gazit-Globe Ltd. (OTCMKTS:GZTGF – Get Free Report) shares dropped 55.9% on Thursday . The company traded as low as $1.1015 and last traded at $1.1015. Approximately 1,631 shares were traded during mid-day trading, an increase of 174% from the average daily volume of 595 shares. The stock had previously closed at $2.50.
Gazit-Globe Stock Down 55.9%
The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.52 and a current ratio of 0.52. The company’s 50 day moving average price is $1.13 and its 200-day moving average price is $2.82.
Gazit-Globe Company Profile
Gazit-Globe Ltd. is a real estate investment company specializing in the ownership, management and development of income-producing retail properties. Through its subsidiaries and joint ventures, the company acquires, leases and operates community and neighborhood shopping centers anchored by grocery stores, as well as mixed-use and office complexes designed to serve urban and suburban markets.
Founded in 1982 by real estate entrepreneur Chaim Katzman, Gazit-Globe has grown from a local property developer into a globally diversified real estate group.
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