Free Trial

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

City Developments logo with Finance background

Key Points

  • City Developments Ltd. shares experienced a significant decline, opening at $4.97 after closing at $5.20, marking a drop of 4.5%.
  • The company recently reduced its dividend to $0.0188 per share, which results in a high dividend yield of 35.0% for investors.
  • City Developments maintains a debt-to-equity ratio of 0.94 and has a current quick ratio of 0.81, indicating potential financial stability challenges.
  • MarketBeat previews top five stocks to own in October.

City Developments Ltd. (OTCMKTS:CDEVY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $5.20, but opened at $4.97. City Developments shares last traded at $4.97, with a volume of 257 shares changing hands.

City Developments Trading Down 4.5%

The company has a debt-to-equity ratio of 0.94, a current ratio of 0.81 and a quick ratio of 0.81. The stock's 50-day moving average is $4.82 and its 200 day moving average is $4.16.

City Developments Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, August 26th will be given a $0.0188 dividend. This represents a dividend yield of 35.0%. The ex-dividend date of this dividend is Monday, August 25th.

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.

Featured Articles

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.

Should You Invest $1,000 in City Developments Right Now?

Before you consider City Developments, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and City Developments wasn't on the list.

While City Developments currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Ride The A.I. Megaboom Cover


We are about to experience the greatest A.I. boom in stock market history...

Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.

That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.

  1. The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
  2. The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
  3. Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.

Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.

And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...

Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.

Get This Free Report
Like this article? Share it with a colleague.