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City Developments (OTCMKTS:CDEVY) Shares Gap Down - Here's Why

City Developments logo with Finance background

Key Points

  • City Developments Ltd. shares experienced a gap down, opening at $4.75 compared to the previous closing price of $5.44.
  • The stock has a debt-to-equity ratio of 0.94 and a quick and current ratio of 0.81, indicating a stable financial position.
  • City Developments is a prominent real estate company with operations in 112 locations across 29 countries and is listed on the Singapore Exchange.
  • Want stock alerts on City Developments? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

City Developments Ltd. (OTCMKTS:CDEVY - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $5.44, but opened at $4.75. City Developments shares last traded at $4.75, with a volume of 1,151 shares.

City Developments Stock Up 1.8%

The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50-day moving average price of $4.48 and a 200-day moving average price of $4.00.

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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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.

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