City Developments (OTCMKTS:CDEVY) Trading Up 3.8% – Time to Buy?

Shares of City Developments Ltd. (OTCMKTS:CDEVYGet Free Report) were up 3.8% during trading on Wednesday . The company traded as high as $6.2150 and last traded at $6.2150. Approximately 362 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 7,974 shares. The stock had previously closed at $5.99.

Analyst Ratings Changes

Separately, Dbs Bank upgraded City Developments to a “moderate buy” rating in a research note on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Check Out Our Latest Stock Analysis on CDEVY

City Developments Stock Down 0.2%

The stock has a fifty day moving average price of $5.72 and a 200-day moving average price of $5.20.

City Developments Company Profile

(Get Free Report)

City Developments Limited (OTCMKTS: CDEVY) is a Singapore-based real estate developer founded in 1963. As one of the country’s largest and most established property companies, it operates as part of the Hong Leong Group of Companies. Over the past five decades, City Developments has grown from its local beginnings into an international developer with a diversified portfolio spanning residential, commercial and mixed-use projects.

The company’s core activities include property development, investment and management.

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