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

Cyrela Brazil Realty SA (OTCMKTS:CYRBY) gapped down before the market opened on Wednesday . The stock had previously closed at $5.40, but opened at $5.03. Cyrela Brazil Realty shares last traded at $5.0690, with a volume of 385 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Cyrela Brazil Realty to a “hold” rating in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Cyrela Brazil Realty Trading Down 4.3%

The stock has a 50-day moving average of $4.50 and a two-hundred day moving average of $4.78. The company has a market cap of $1.98 billion, a P/E ratio of 5.50 and a beta of 0.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 9.04 and a current ratio of 9.04.

Cyrela Brazil Realty Company Profile

Cyrela Brazil Realty SA Empreendimentos e Participações is a Brazilian real estate development and construction company headquartered in São Paulo. Founded in 1962, the company develops, builds and sells residential properties in Brazil, with projects spanning multiple segments of the housing market.

The company operates through brands that serve different customer groups, including Cyrela for higher-end residential developments, Living for the middle-income market and Vivaz for more affordable housing.