City Developments (OTCMKTS:CDEVY) Shares Gap Up – Should You Buy?
by Amy Steele · The Cerbat GemCity Developments Ltd. (OTCMKTS:CDEVY – Get Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $5.62, but opened at $6.0650. City Developments shares last traded at $6.0650, with a volume of 440 shares changing hands.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group raised shares of City Developments from a “strong sell” rating to a “buy” rating in a research note on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy”.
Get Our Latest Report on CDEVY
City Developments Stock Down 5.2%
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 company has a 50 day moving average price of $6.18 and a 200-day moving average price of $6.65.
City Developments Company Profile
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.