CD Projekt (OTCMKTS:OTGLY) Trading Down 0.1% – What’s Next?

CD Projekt S.A. (OTCMKTS:OTGLY)’s share price fell 0.1% on Tuesday . The stock traded as low as $16.50 and last traded at $16.75. 7,360 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 11,040 shares. The stock had previously closed at $16.77.

Analysts Set New Price Targets

OTGLY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of CD Projekt in a report on Friday, November 28th. Barclays reissued an “underweight” rating on shares of CD Projekt in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

CD Projekt Stock Down 0.1%

The company has a fifty day moving average of $16.95 and a 200-day moving average of $17.53.

About CD Projekt

CD Projekt SA is a Poland-based video game developer, publisher and digital distribution company best known for its critically acclaimed Role-Playing Games (RPGs). Through its development arm CD Projekt Red, the company designs, develops and publishes blockbuster game franchises, including The Witcher series and Cyberpunk 2077. In addition to its core game development activities, CD Projekt operates GOG.com, a digital storefront offering a catalogue of DRM-free PC games, and provides related online services such as multiplayer support, game updates and community forums.

Founded in Warsaw in 1994 by Marcin Iwiński and Michał Kiciński, CD Projekt initially built its reputation by translating and distributing popular Western titles in Central Europe.