Gafisa (OTCMKTS:GFASY) Stock Price Down 4.2% – Here’s Why

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

Gafisa Stock Down 4.2 %

The company’s fifty day moving average price is $1.20 and its 200-day moving average price is $1.63.

Gafisa Cuts Dividend

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

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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