Cyrela Brazil Realty (OTCMKTS:CYRBY) Shares Gap Down – What’s Next?

Cyrela Brazil Realty SA (OTCMKTS:CYRBY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $5.4920, but opened at $5.2350. Cyrela Brazil Realty shares last traded at $5.22, with a volume of 105 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Cyrela Brazil Realty to a “hold” rating in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Cyrela Brazil Realty Trading Down 1.7%

The business’s 50-day simple moving average is $4.59 and its two-hundred day simple moving average is $4.76. The company has a current ratio of 9.04, a quick ratio of 9.04 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $2.00 billion, a PE ratio of 5.55 and a beta of 0.60.

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.