City Developments (OTCMKTS:CDEVY) Trading 5.3% Higher – Time to Buy?

City Developments Ltd. (OTCMKTS:CDEVYGet Free Report) shares were up 5.3% during trading on Wednesday . The company traded as high as $6.50 and last traded at $6.50. Approximately 1,212 shares traded hands during trading, a decline of 85% from the average daily volume of 8,098 shares. The stock had previously closed at $6.17.

Analyst Ratings Changes

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

View Our Latest Report on CDEVY

City Developments Stock Up 0.2%

The firm’s 50 day moving average is $5.62 and its 200-day moving average is $5.11.

About City Developments

(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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