City Developments (OTCMKTS:CDEVY) Shares Gap Up - Time to Buy?

City Developments Ltd. (OTCMKTS:CDEVY - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $4.04, but opened at $4.30. City Developments shares last traded at $4.30, with a volume of 1,531 shares trading hands.

City Developments Trading Up 7.8%

The business's 50 day moving average is $3.89 and its two-hundred day moving average is $3.78. 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 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 $0.0477 dividend. This is a positive change 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.