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

Cyrela Brazil Realty SA (OTCMKTS:CYRBY) shares gapped down before the market opened on Thursday. The stock had previously closed at $7.00, but opened at $6.20. Cyrela Brazil Realty shares last traded at $6.67, with a volume of 3,700 shares traded.

Analyst Ratings Changes

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

Cyrela Brazil Realty Stock Up 3.6%

The company has a debt-to-equity ratio of 0.26, a current ratio of 8.07 and a quick ratio of 8.07. The stock’s fifty day simple moving average is $5.01 and its 200-day simple moving average is $4.82. The stock has a market cap of $2.74 billion, a P/E ratio of 7.59 and a beta of 0.53.

About Cyrela Brazil Realty

Cyrela Brazil Realty SA Empreendimentos e Participações is a Brazilian real estate development company focused primarily on the development, construction and sale of residential properties. Its portfolio includes apartments and other housing projects serving a range of market segments, including luxury, mid-market and affordable housing.

The company operates through brands that include Cyrela, Living and Vivaz, with projects designed for different customer profiles and price categories.