City Developments (OTCMKTS:CDEVY) Shares Gap Down – Here’s Why

City Developments Ltd. (OTCMKTS:CDEVYGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $6.4665, but opened at $6.07. City Developments shares last traded at $6.15, with a volume of 780 shares traded.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised City Developments from a “strong sell” rating to a “buy” rating in a research note on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

Check Out Our Latest Report on City Developments

City Developments Stock Down 4.9%

The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.77 and a current ratio of 0.77. The firm’s 50-day moving average is $6.47 and its 200 day moving average is $6.70.

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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