Cyrela Brazil Realty (OTCMKTS:CYRBY) Shares Down 16.5% - Here's What Happened

Key Points

• Shares of Cyrela Brazil Realty (OTCMKTS:CYRBY) fell by 16.5%, trading at $5.71, a substantial drop from its previous close of $6.84.
• The company reported a net margin of 19.65% and a revenue of $371.89 million in its latest earnings, suggesting solid profitability despite the stock decline.
• Cyrela has a market capitalization of $2.20 billion and a low debt-to-equity ratio of 0.21, indicating strong financial stability.

Shares of Cyrela Brazil Realty SA (OTCMKTS:CYRBY - Get Free Report) dropped 16.5% during trading on Monday . The stock traded as low as $5.69 and last traded at $5.71. Approximately 76 shares were traded during trading, a decline of 100% from the average daily volume of 15,802 shares. The stock had previously closed at $6.84.

Cyrela Brazil Realty Trading Down 16.1%

The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 7.17 and a beta of 0.84. The firm's 50 day moving average is $4.97 and its 200 day moving average is $4.61. The company has a quick ratio of 7.67, a current ratio of 7.67 and a debt-to-equity ratio of 0.21.

Cyrela Brazil Realty (OTCMKTS:CYRBY - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.19 EPS for the quarter. Cyrela Brazil Realty had a net margin of 19.65% and a return on equity of 16.52%. The business had revenue of $371.89 million during the quarter.

About Cyrela Brazil Realty

Cyrela Brazil Realty SA Empreendimentos e Participações develops and constructs residential properties in Brazil. It also provides real estate services, such as construction management and technical consultancy services. The company was founded in 1962 and is headquartered in São Paulo, Brazil.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.