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

Cyrela Brazil Realty SA (OTCMKTS:CYRBY – Get Free Report)’s stock price gapped down before the market opened 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 traded.

Analysts Set New Price Targets

Separately, Zacks Research raised 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.com, the company currently has an average rating of “Hold”.

View Our Latest Stock Analysis on Cyrela Brazil Realty

Cyrela Brazil Realty Stock Performance

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

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.