Cyrela Brazil Realty (OTCMKTS:CYRBY) Shares Gap Up – Time to Buy?
by Danessa Lincoln · The Markets DailyCyrela Brazil Realty SA (OTCMKTS:CYRBY – Get Free Report) gapped up prior to trading on Monday. The stock had previously closed at $5.08, but opened at $5.30. Cyrela Brazil Realty shares last traded at $4.95, with a volume of 4 shares changing hands.
Analysts Set New Price Targets
Separately, Zacks Research raised shares of Cyrela Brazil Realty to a “hold” rating in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.
Check Out Our Latest Research Report on Cyrela Brazil Realty
Cyrela Brazil Realty Stock Up 0.4%
The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 5.50 and a beta of 0.60. The firm has a 50-day moving average of $4.63 and a 200 day moving average of $4.76. The company has a current ratio of 8.07, a quick ratio of 8.07 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.