CapitaLand Ascendas REIT (OTCMKTS:ACDSF) Reaches New 1-Year Low – Here’s Why

by · The Markets Daily

CapitaLand Ascendas REIT (OTCMKTS:ACDSF – Get Free Report)’s share price hit a new 52-week low on Wednesday. The company traded as low as $1.72 and last traded at $1.72, with a volume of 388 shares changing hands. The stock had previously closed at $1.79.

CapitaLand Ascendas REIT Stock Performance

The company has a 50 day simple moving average of $1.85 and a 200 day simple moving average of $1.91.

About CapitaLand Ascendas REIT

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CapitaLand Ascendas REIT is a Singapore-based real estate investment trust focused on business space and industrial properties. It is managed by CapitaLand Ascendas REIT Management Limited and sponsored by CapitaLand Investment, a global real estate investment manager.

The REIT owns and manages a diversified portfolio of properties serving businesses across sectors such as technology, research and development, manufacturing, logistics, warehousing and data centers. Its assets generally include business parks, industrial facilities, logistics properties, high-specification industrial buildings and specialized commercial spaces.

Established in 2002 as Singapore’s first listed business space and industrial real estate investment trust, CapitaLand Ascendas REIT has expanded beyond its home market.

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