G City (OTCMKTS:GZTGF) Stock Price Up 18.5% – Time to Buy?

Shares of G City Ltd (OTCMKTS:GZTGF) rose 18.5% during mid-day trading on Friday . The company traded as high as $3.55 and last traded at $3.27. Approximately 1,355 shares traded hands during trading, an increase of 94% from the average daily volume of 697 shares. The stock had previously closed at $2.76.

G City Price Performance

The firm’s fifty day moving average price is $2.54 and its two-hundred day moving average price is $2.57.

G City (OTCMKTS:GZTGF) last released its quarterly earnings results on Wednesday, August 21st. The company reported $0.41 earnings per share for the quarter. The firm had revenue of $169.44 million during the quarter.

G City Increases Dividend

The company also recently announced a dividend, which was paid on Monday, September 9th. Investors of record on Friday, August 30th were paid a $10.00 dividend. This represents a yield of 1.12%. The ex-dividend date was Thursday, August 29th. This is a boost from G City’s previous dividend of $0.32.

G City Company Profile

G City Ltd, through its subsidiaries, owns, develops, manages, and operates supermarket-anchored urban shopping centers and retail-based mixed-use properties in North America, Brazil, Israel, the United States, Europe, and internationally. The company was formerly known as Gazit-Globe Ltd. and changed its name to G City Ltd in May 2022.