CD Projekt (OTCMKTS:OTGLY) Shares Gap Down – Should You Sell?

CD Projekt S.A. (OTCMKTS:OTGLY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $15.6650, but opened at $15.16. CD Projekt shares last traded at $15.80, with a volume of 3,001 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Barclays restated an “underweight” rating on shares of CD Projekt in a report on Friday. Oddo Bhf upgraded shares of CD Projekt to a “neutral” rating in a report on Thursday, June 4th. Finally, 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

CD Projekt Price Performance

The stock has a 50-day moving average price of $16.00 and a 200 day moving average price of $16.61.

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.