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

Key Points

• Shares gapped down premarket, opening at $5.31 after a prior close of $5.65, with 3,504 shares reported traded at the new price.
• The stock is trading below both its 50-day ($5.85) and 200-day ($5.79) moving averages; it has a market cap of $2.04 billion, a P/E of 6.02, low leverage (debt-to-equity 0.22) and strong liquidity (quick and current ratios of 8.45).
• Cyrela Brazil Realty is a long-established (founded 1962) Brazilian residential developer focused on luxury and mid-market housing, covering land acquisition through construction and sales.

Shares of Cyrela Brazil Realty SA (OTCMKTS:CYRBY - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $5.65, but opened at $5.31. Cyrela Brazil Realty shares last traded at $5.31, with a volume of 3,504 shares changing hands.

Cyrela Brazil Realty Stock Performance

The stock has a fifty day simple moving average of $5.85 and a two-hundred day simple moving average of $5.79. The company has a debt-to-equity ratio of 0.22, a quick ratio of 8.45 and a current ratio of 8.45. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 6.02 and a beta of 0.70.

Cyrela Brazil Realty Company Profile

Cyrela Brazil Realty SA Empreendimentos e Participações is a leading Brazilian residential real estate developer. Founded in 1962 by Elie Horn and headquartered in São Paulo, the company has built a reputation for high-quality construction, innovative architectural design and sustainable building practices. It focuses primarily on luxury and mid-market housing projects, combining modern amenities with meticulous craftsmanship.

The company's core activities encompass land acquisition, project design, construction management and sales of residential units such as condominiums, single-family homes and mixed-use developments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.