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

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

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised 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, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Cyrela Brazil Realty Stock Down 8.0%

The firm has a 50-day moving average of $4.52 and a two-hundred day moving average of $4.78. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 5.48 and a beta of 0.60. The company has a quick ratio of 9.04, a current 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.