Gafisa (OTCMKTS:GFASY) Stock Price Up 153.3% – Here’s What Happened

Gafisa SA (OTCMKTS:GFASYGet Free Report) was up 153.3% during mid-day trading on Tuesday . The company traded as high as $0.38 and last traded at $0.38. 5,877 shares changed hands during trading, an increase of 130,500% from the average daily volume of 4 shares. The stock had previously closed at $0.15.

Gafisa Stock Performance

The firm’s fifty day simple moving average is $0.28 and its 200 day simple moving average is $0.17.

Gafisa Company Profile

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Gafisa SA is a Brazil-based real estate development company founded in 1954 and headquartered in São Paulo. The company is principally engaged in the development, construction and sale of residential properties. It operates across multiple stages of the real estate value chain, including land acquisition, project design, construction management, sales and marketing, and post-sales customer service.

Gafisa’s core offerings focus on medium- and high-income residential segments, with a portfolio that includes mid-rise and high-rise apartment complexes, condominiums and mixed-use developments.

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