Gafisa SA (OTCMKTS:GFASY – Get Free Report) shares dropped 52.6% during mid-day trading on Friday . The stock traded as low as $0.27 and last traded at $0.27. Approximately 3,000 shares were traded during trading, an increase of 946% from the average daily volume of 287 shares. The stock had previously closed at $0.57.
Gafisa Stock Performance
The company’s 50 day simple moving average is $0.44 and its 200-day simple moving average is $0.58.
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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