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

Cyrela Brazil Realty SA (OTCMKTS:CYRBY)’s share price 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 changing hands.

Analyst Upgrades and Downgrades

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

Cyrela Brazil Realty Price Performance

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

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.