Gafisa (OTCMKTS:GFASY) Trading Up 69.2% – Time to Buy?

Gafisa SA (OTCMKTS:GFASYGet Free Report) rose 69.2% on Friday . The company traded as high as $0.22 and last traded at $0.22. Approximately 177 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 7,532 shares. The stock had previously closed at $0.13.

Gafisa Stock Performance

The stock’s 50-day moving average price is $0.23 and its 200-day moving average price is $0.47.

About Gafisa

(Get Free Report)

Gafisa SA operates as a development and construction company under the Gafisa brand name in Brazil. The company is involved in residential, commercial, and hotel projects. It also provides technical consultancy services, and real estate management and construction services to third parties. Gafisa SA was founded in 1954 and is headquartered in São Paulo, Brazil.

See Also

Receive News & Ratings for Gafisa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gafisa and related companies with MarketBeat.com's FREE daily email newsletter.