Cyrela Brazil Realty (OTCMKTS:CYRBY) Shares Down 5.6% – Here’s Why

Cyrela Brazil Realty SA (OTCMKTS:CYRBY)’s share price was down 5.6% during trading on Thursday . The company traded as low as $5.0950 and last traded at $5.0950. Approximately 10 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 9,912 shares. The stock had previously closed at $5.40.

Wall Street Analyst Weigh In

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 data from MarketBeat, the company presently has a consensus rating of “Hold”.

Cyrela Brazil Realty Trading Down 7.3%

The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 5.49 and a beta of 0.60. The company has a debt-to-equity ratio of 0.26, a current ratio of 9.04 and a quick ratio of 9.04. The firm’s fifty day moving average is $4.56 and its 200-day moving average is $4.77.

Cyrela Brazil Realty Company Profile

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.