CD Projekt (OTCMKTS:OTGLY) Reaches New 12-Month Low – What’s Next?

CD Projekt S.A. (OTCMKTS:OTGLY) reached a new 52-week low during trading on Wednesday . The stock traded as low as $14.61 and last traded at $15.08, with a volume of 51996 shares changing hands. The stock had previously closed at $15.35.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Oddo Bhf raised shares of CD Projekt to a “neutral” rating in a research report on Thursday, June 4th. Zacks Research upgraded CD Projekt to a “hold” rating in a research note on Monday, June 1st. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

CD Projekt Trading Down 1.8%

The firm’s 50-day moving average price is $17.22 and its 200 day moving average price is $17.16.

About CD Projekt

CD Projekt SA is a Poland-based video game developer, publisher and digital distribution company best known for its critically acclaimed Role-Playing Games (RPGs). Through its development arm CD Projekt Red, the company designs, develops and publishes blockbuster game franchises, including The Witcher series and Cyberpunk 2077. In addition to its core game development activities, CD Projekt operates GOG.com, a digital storefront offering a catalogue of DRM-free PC games, and provides related online services such as multiplayer support, game updates and community forums.

Founded in Warsaw in 1994 by Marcin Iwiński and Michał Kiciński, CD Projekt initially built its reputation by translating and distributing popular Western titles in Central Europe.