Gafisa (OTCMKTS:GFASY) Shares Up 46.7% – What’s Next?

Gafisa SA (OTCMKTS:GFASY)’s stock price was up 46.7% on Tuesday . The stock traded as high as $0.22 and last traded at $0.22. Approximately 124 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 733 shares. The stock had previously closed at $0.15.

Gafisa Trading Up 46.7%

The stock’s 50-day simple moving average is $0.17 and its 200-day simple moving average is $0.39.

About Gafisa

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.