Gafisa (OTCMKTS:GFASY) Trading Up 22.6% – What’s Next?

Gafisa S.A. (OTCMKTS:GFASY)’s stock price traded up 22.6% during trading on Thursday . The company traded as high as $0.65 and last traded at $0.65. 1,553 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 3,988 shares. The stock had previously closed at $0.53.

Gafisa Stock Down 18.5 %

The stock’s fifty day moving average price is $0.64 and its 200 day moving average price is $1.14.

Gafisa Cuts Dividend

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

Gafisa Company Profile

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.