Cyrela Brazil Realty (OTCMKTS:CYRBY) Stock Price Down 5.3% – Here’s Why

Shares of Cyrela Brazil Realty SA (OTCMKTS:CYRBY) traded down 5.3% during mid-day trading on Tuesday. The stock traded as low as $6.8420 and last traded at $6.91. Approximately 1,657 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 10,796 shares. The stock had previously closed at $7.30.

Analysts Set New Price Targets

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

Cyrela Brazil Realty Stock Performance

The company has a market cap of $2.66 billion, a price-to-earnings ratio of 7.38 and a beta of 0.53. 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 stock has a 50-day moving average price of $5.06 and a 200 day moving average price of $4.83.

Cyrela Brazil Realty Company Profile

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.