CD Projekt (OTCMKTS:OTGLY) Sets New 1-Year Low – Here’s What Happened

CD Projekt S.A. (OTCMKTS:OTGLY)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $14.90 and last traded at $14.90, with a volume of 60930 shares trading hands. The stock had previously closed at $15.21.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on OTGLY. Zacks Research upgraded CD Projekt to a “hold” rating in a report on Monday, June 1st. Oddo Bhf upgraded CD Projekt to a “neutral” rating in a report on Thursday, June 4th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

CD Projekt Price Performance

The stock has a 50-day moving average of $17.48 and a 200-day moving average of $17.26.

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.