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

Key Points

• Cyrela Brazil Realty shares gapped down from a previous close of $4.73 to open at $4.55, demonstrating significant market movement before opening hours.
• The company reported a net margin of 20.57% and a return on equity of 17.84%, showcasing strong profitability metrics despite the stock price drop.
• With a market capitalization of $1.75 billion, Cyrela Brazil Realty maintains a low debt-to-equity ratio of 0.24, indicating a solid financial position relative to its equity obligations.

Cyrela Brazil Realty SA (OTCMKTS:CYRBY - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $4.73, but opened at $4.55. Cyrela Brazil Realty shares last traded at $4.56, with a volume of 3,726 shares trading hands.

Cyrela Brazil Realty Trading Down 0.1%

The firm has a fifty day simple moving average of $4.55 and a 200-day simple moving average of $4.30. The firm has a market cap of $1.84 billion, a P/E ratio of 6.00 and a beta of 0.73. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.93 and a quick ratio of 7.93.

Cyrela Brazil Realty (OTCMKTS:CYRBY - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.19 EPS for the quarter. Cyrela Brazil Realty had a return on equity of 16.95% and a net margin of 19.65%. The company had revenue of $371.89 million during the quarter.

Cyrela Brazil Realty Company Profile

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.