Gafisa SA (OTCMKTS:GFASY – Get Free Report)’s stock price dropped 50% during mid-day trading on Monday . The company traded as low as $0.30 and last traded at $0.30. Approximately 15,501 shares were traded during mid-day trading, an increase of 60% from the average daily volume of 9,679 shares. The stock had previously closed at $0.60.
Gafisa Stock Down 50.0%
The stock’s fifty day moving average is $0.62 and its 200-day moving average is $0.55.
About Gafisa
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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