City Developments (OTCMKTS:CDEVY) Shares Gap Down - Time to Sell?

City Developments Ltd. (OTCMKTS:CDEVY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $4.88, but opened at $4.67. City Developments shares last traded at $4.67, with a volume of 320 shares traded.

City Developments Stock Down 3.4%

The company's 50 day moving average is $4.10 and its 200 day moving average is $3.86. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.81 and a current ratio of 0.81.

City Developments Increases Dividend

The business also recently declared a dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, May 6th were paid a dividend of $0.0477 per share. This is a boost from City Developments's previous dividend of $0.01. This represents a dividend yield of 1.25%. The ex-dividend date of this dividend was Monday, May 5th.

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.