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

Key Points

• City Developments Ltd. shares gapped down on Friday, opening at $4.96 after a previous close of $5.30.
• The company recently cut its dividend, issuing $0.0188 per share, resulting in a yield of 35.0%.
• CDL is a major global real estate company, operating in 112 locations across 29 countries with a diverse portfolio that includes residences, offices, and shopping malls.

City Developments Ltd. (OTCMKTS:CDEVY - )'s share price gapped down before the market opened on Friday . The stock had previously closed at $5.30, but opened at $4.96. City Developments shares last traded at $4.96, with a volume of 225 shares.

City Developments Stock Performance

The stock's fifty day moving average is $5.08 and its two-hundred day moving average is $4.28. 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 Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, August 26th were issued a dividend of $0.0188 per share. This represents a yield of 35.0%. The ex-dividend date of this dividend was Monday, August 25th.

About City Developments

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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