Cyrela Brazil Realty (OTCMKTS:CYRBY) Stock Price Down 6.2% – What’s Next?

Shares of Cyrela Brazil Realty SA (OTCMKTS:CYRBY) fell 6.2% on Thursday. The company traded as low as $5.11 and last traded at $5.11. 2,569 shares traded hands during trading, a decline of 73% from the average daily volume of 9,619 shares. The stock had previously closed at $5.45.

Analyst Ratings Changes

Separately, Zacks Research raised Cyrela Brazil Realty to a “hold” rating in a research note 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 stock’s 50 day simple moving average is $4.70 and its two-hundred day simple moving average is $4.75. The company has a market capitalization of $1.96 billion, a P/E ratio of 5.42 and a beta of 0.60. The company has a debt-to-equity ratio of 0.26, a current ratio of 8.07 and a quick ratio of 8.07.

About Cyrela Brazil Realty

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.