Cyrela Brazil Realty (OTCMKTS:CYRBY) Shares Gap Down – Here’s Why

Cyrela Brazil Realty SA (OTCMKTS:CYRBY – Get Free Report)’s share price gapped down prior to trading on Wednesday. The stock had previously closed at $7.30, but opened at $6.32. Cyrela Brazil Realty shares last traded at $6.4050, with a volume of 474 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Cyrela Brazil Realty to a “hold” rating in a report on Tuesday, June 16th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, Cyrela Brazil Realty currently has a consensus rating of “Hold”.

Get Our Latest Analysis on Cyrela Brazil Realty

Cyrela Brazil Realty Stock Down 6.4%

The company has a debt-to-equity ratio of 0.26, a current ratio of 8.07 and a quick ratio of 8.07. The business has a 50 day simple moving average of $5.11 and a 200 day simple moving average of $4.85. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 6.87 and a beta of 0.53.

Cyrela Brazil Realty Company Profile

(Get Free Report)

Cyrela Brazil Realty SA Empreendimentos e Participações is a Brazilian real estate development company focused primarily on the development, construction and sale of residential properties. Its portfolio includes apartments and other housing projects serving a range of market segments, including luxury, mid-market and affordable housing.

The company operates through brands that include Cyrela, Living and Vivaz, with projects designed for different customer profiles and price categories.

Further Reading

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