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Gafisa SA (NYSE:GFA) was downgraded by research analysts at Citigroup Inc. from a “neutral” rating to a “sell” rating in a report released on Thursday, AnalystRatings.Net reports.

Gafisa SA (NYSE:GFA) traded down 0.30% on Thursday, hitting $3.33. The stock had a trading volume of 112,742 shares. Gafisa SA has a 52 week low of $2.22 and a 52 week high of $4.18. The stock’s 50-day moving average is $3.22 and its 200-day moving average is $2.94. The company has a market cap of $693.4 million and a P/E ratio of 1.84.

Gafisa SA (NYSE:GFA) is a diversified national homebuilder serving all demographic segments of the Brazilian market.

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