Gazit-Globe (OTCMKTS:GZTGF) Trading Up 38.6% – Here’s Why

Gazit-Globe Ltd. (OTCMKTS:GZTGF) shares rose 38.6% during mid-day trading on Thursday . The company traded as high as $1.40 and last traded at $1.40. Approximately 250 shares were traded during trading, an increase of 216% from the average daily volume of 79 shares. The stock had previously closed at $1.01.

Gazit-Globe Stock Up 38.6%

The firm’s 50 day moving average price is $1.23 and its two-hundred day moving average price is $2.94. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.02.

About Gazit-Globe

Gazit-Globe Ltd. is a real estate investment company specializing in the ownership, management and development of income-producing retail properties. Through its subsidiaries and joint ventures, the company acquires, leases and operates community and neighborhood shopping centers anchored by grocery stores, as well as mixed-use and office complexes designed to serve urban and suburban markets.

Founded in 1982 by real estate entrepreneur Chaim Katzman, Gazit-Globe has grown from a local property developer into a globally diversified real estate group.