City Developments (OTCMKTS:CDEVY) Shares Cross Above 50 Day Moving Average - Time to Sell?

Key Points

• City Developments Ltd. (OTCMKTS:CDEVY) shares have recently crossed above their fifty-day moving average of $4.22, reaching a trading high of $4.87.
• The company's current ratios stand at 0.81 for both current and quick ratios, indicating potential liquidity concerns.
• City Developments is a significant player in the real estate sector, operating in 112 locations across 29 countries, showcasing a diverse portfolio that includes residences, hotels, and shopping malls.

City Developments Ltd. (OTCMKTS:CDEVY - ) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $4.22 and traded as high as $4.87. City Developments shares last traded at $4.68, with a volume of 1,314 shares.

City Developments Price Performance

The stock's fifty day moving average price is $4.22 and its 200-day moving average price is $3.90. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.94.

City Developments Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.