CD Projekt (OTCMKTS:OTGLY) Trading Down 4% – Here’s What Happened

CD Projekt S.A. (OTCMKTS:OTGLY) shares fell 4% during trading on Thursday . The stock traded as low as $15.70 and last traded at $15.70. 1,828 shares changed hands during trading, a decline of 91% from the average daily volume of 20,411 shares. The stock had previously closed at $16.36.

Analyst Upgrades and Downgrades

A number of research firms have commented on OTGLY. Zacks Research raised CD Projekt to a “hold” rating in a report on Monday, June 1st. Oddo Bhf raised CD Projekt to a “neutral” rating in a research report on Thursday, June 4th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, CD Projekt presently has an average rating of “Reduce”.

CD Projekt Stock Down 2.1%

The business’s 50 day moving average price is $15.96 and its 200 day moving average price is $16.66.

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.