Gafisa (OTCMKTS:GFASY) Shares Down 4.2% – What’s Next?

by · The Cerbat Gem

Gafisa S.A. (OTCMKTS:GFASY – Get Free Report)’s share price fell 4.2% during mid-day trading on Tuesday . The stock traded as low as $0.76 and last traded at $0.76. 300 shares traded hands during trading, a decline of 93% from the average session volume of 4,390 shares. The stock had previously closed at $0.79.

Gafisa Stock Performance

The company’s 50-day moving average price is $1.19 and its 200-day moving average price is $1.61.

Gafisa Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 20th were given a dividend of $0.0059 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a dividend yield of 1.14%.

Gafisa Company Profile

(Get Free Report)

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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