CD Projekt (OTCMKTS:OTGLY) Sets New 1-Year Low – Here’s What Happened

CD Projekt S.A. (OTCMKTS:OTGLY)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $14.90 and last traded at $14.90, with a volume of 60930 shares trading hands. The stock had previously closed at $15.21.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on OTGLY shares. Zacks Research raised CD Projekt to a “hold” rating in a research report on Monday, June 1st. Oddo Bhf raised CD Projekt to a “neutral” rating in a research report on Thursday, June 4th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

CD Projekt Trading Down 2.0%

The business has a 50-day moving average price of $17.48 and a two-hundred day moving average price of $17.26.

CD Projekt Company Profile

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.