CD Projekt (OTCMKTS:OTGLY) Reaches New 1-Year Low – Should You Sell?

CD Projekt S.A. (OTCMKTS:OTGLY) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $14.74 and last traded at $14.74, with a volume of 1733 shares. The stock had previously closed at $15.08.

Analyst Ratings Changes

OTGLY has been the subject of a number of recent analyst reports. Oddo Bhf upgraded shares of CD Projekt to a “neutral” rating in a report on Thursday, June 4th. Zacks Research raised shares of CD Projekt to a “hold” rating in a research report on Monday, June 1st. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

CD Projekt Trading Down 1.6%

The stock’s 50-day moving average is $17.36 and its two-hundred day moving average is $17.22.

CD Projekt Company Profile

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.