City Developments (OTCMKTS:CDEVY) Shares Gap Up – Time to Buy?

City Developments Ltd. (OTCMKTS:CDEVYGet Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $6.31, but opened at $6.65. City Developments shares last traded at $6.65, with a volume of 260 shares trading hands.

City Developments Price Performance

The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.00. The firm has a fifty day simple moving average of $7.14 and a 200 day simple moving average of $6.32.

City Developments Company Profile

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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.

Further Reading

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