CapitaLand Ascendas REIT (OTCMKTS:ACDSF) Sets New 12-Month Low – Here’s Why

Shares of CapitaLand Ascendas REIT (OTCMKTS:ACDSFGet Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $1.72 and last traded at $1.72, with a volume of 100 shares traded. The stock had previously closed at $1.90.

CapitaLand Ascendas REIT Stock Performance

The stock’s 50-day moving average is $1.91 and its two-hundred day moving average is $1.97.

CapitaLand Ascendas REIT Company Profile

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CapitaLand Ascendas REIT (OTCMKTS: ACDSF) is a Singapore-listed real estate investment trust focused on industrial and business space assets. Established with the objective of providing investors with sustainable distributions and long-term capital growth, the trust holds a diversified portfolio of properties that cater to a wide range of industries, including technology, logistics, manufacturing and research and development.

The REIT’s core business activities encompass the acquisition, ownership, asset management and development of business parks, science parks, hi-tech buildings and logistics facilities.

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