Icade (OTCMKTS:CDMGF) Shares Up 7.3% – Here’s What Happened

Icade (OTCMKTS:CDMGF) shares shot up 7.3% on Friday . The stock traded as high as $25.54 and last traded at $25.54. 100 shares changed hands during trading, a decline of 74% from the average session volume of 382 shares. The stock had previously closed at $23.80.

Analyst Ratings Changes

Separately, Barclays cut shares of Icade to an “underweight” rating in a research report on Monday, November 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Icade currently has a consensus rating of “Sell”.

Icade Stock Performance

The stock’s 50 day moving average is $24.72 and its two-hundred day moving average is $24.69.

Icade Company Profile

Icade is a French real estate investment trust (REIT) specializing in the acquisition, management and development of commercial real estate assets. Listed on Euronext Paris and trading over-the-counter in the U.S. as CDMGF, the company operates under the majority ownership of Caisse des Dépôts. Icade’s activities are organized into two core divisions: property investment and property development, with a focus on creating value through active asset management and targeted development projects.

In its property investment division, Icade concentrates on office buildings, healthcare facilities and logistics platforms.