City Developments (OTCMKTS:CDEVY) Shares Gap Down – Here’s Why

City Developments Ltd. (OTCMKTS:CDEVYGet Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $5.76, but opened at $5.4515. City Developments shares last traded at $5.53, with a volume of 5,359 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Dbs Bank raised City Developments to a “moderate buy” rating in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, City Developments presently has an average rating of “Buy”.

Check Out Our Latest Report on City Developments

City Developments Price Performance

The business has a 50 day simple moving average of $5.52 and a 200 day simple moving average of $4.91.

About City Developments

(Get Free Report)

City Developments Limited (CDL) is a leading global real estate company with a network spanning 112 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, shopping malls and integrated developments.

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