City Developments (OTCMKTS:CDEVY) Stock Jumps 14.7% – Should You Buy?

City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report) shot up 14.7% during trading on Friday. The company traded as high as $6.8264 and last traded at $6.8264. 192 shares traded hands during trading, a decline of 97% from the average daily volume of 6,895 shares. The stock had previously closed at $5.95.

City Developments Price Performance

The stock’s fifty day moving average price is $6.16 and its two-hundred day moving average price is $6.34. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.00.

City Developments Company Profile

(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.

Further Reading

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