Gafisa (OTCMKTS:GFASY) Stock Price Down 25.9% – Time to Sell?

Gafisa S.A. (OTCMKTS:GFASYGet Free Report)’s stock price dropped 25.9% during trading on Friday . The stock traded as low as $0.20 and last traded at $0.20. Approximately 261 shares changed hands during trading, a decline of 93% from the average daily volume of 3,791 shares. The stock had previously closed at $0.27.

Gafisa Price Performance

The company’s 50 day simple moving average is $0.46 and its 200-day simple moving average is $0.92.

Gafisa Company Profile

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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.

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