City Developments (OTCMKTS:CDEVY) Stock Price Down 8.3% – Here’s Why

Shares of City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report) traded down 8.3% on Tuesday. The stock traded as low as $6.18 and last traded at $6.18. Approximately 2,156 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 6,911 shares. The stock had previously closed at $6.74.

City Developments Stock Performance

The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.00. The stock’s fifty day simple moving average is $6.19 and its 200-day simple moving average is $6.33.

About City Developments

(Get Free Report)

City Developments Limited (CDL) is a Singapore-based global real estate operating company engaged in property development, investment and management. Its portfolio includes residential developments, commercial offices, retail properties, integrated developments and industrial assets. The company also provides property-related services, including facilities management and asset management.

Founded in 1963, CDL has developed a substantial presence in Singapore and operates internationally through residential, commercial and hospitality businesses.

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