CD Projekt (OTCMKTS:OTGLY) Reaches New 1-Year Low – Should You Sell?

Shares of CD Projekt S.A. (OTCMKTS:OTGLY) hit a new 52-week low during trading on Thursday . The stock traded as low as $14.74 and last traded at $14.74, with a volume of 1733 shares changing hands. The stock had previously closed at $15.08.

Analysts Set New Price Targets

OTGLY has been the subject of several recent research reports. Oddo Bhf raised shares of CD Projekt to a “neutral” rating in a research report on Thursday, June 4th. Zacks Research raised shares of CD Projekt to a “hold” rating in a research report on Monday, June 1st. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

CD Projekt Price Performance

The company’s 50-day simple moving average is $17.36 and its 200 day simple moving average is $17.22.

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.