City Developments (OTCMKTS:CDEVY) Sees Strong Trading Volume – Should You Buy?

Shares of City Developments Ltd. (OTCMKTS:CDEVYGet Free Report) saw unusually-strong trading volume on Wednesday . Approximately 52,004 shares were traded during mid-day trading, an increase of 531% from the previous session’s volume of 8,236 shares.The stock last traded at $5.50 and had previously closed at $5.45.

Analyst Ratings Changes

Separately, Dbs Bank raised shares of City Developments to a “moderate buy” rating in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, City Developments presently has an average rating of “Buy”.

Get Our Latest Stock Analysis on CDEVY

City Developments Trading Up 3.5%

The company has a 50-day moving average of $5.53 and a 200-day moving average of $4.97.

City Developments Company Profile

(Get Free Report)

City Developments Limited (CDL) is a leading global real estate company with a network spanning 112 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, shopping malls and integrated developments.

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