City Developments (OTCMKTS:CDEVY) Shares Up 5.3% – What’s Next?

City Developments Ltd. (OTCMKTS:CDEVYGet Free Report) was up 5.3% during trading on Wednesday . The stock traded as high as $6.50 and last traded at $6.50. Approximately 1,212 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 8,098 shares. The stock had previously closed at $6.17.

Analyst Ratings Changes

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

View Our Latest Report on City Developments

City Developments Price Performance

The company has a 50-day moving average price of $5.65 and a 200 day moving average price of $5.13.

City Developments Company Profile

(Get Free Report)

City Developments Limited (OTCMKTS: CDEVY) is a Singapore-based real estate developer founded in 1963. As one of the country’s largest and most established property companies, it operates as part of the Hong Leong Group of Companies. Over the past five decades, City Developments has grown from its local beginnings into an international developer with a diversified portfolio spanning residential, commercial and mixed-use projects.

The company’s core activities include property development, investment and management.

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