City Developments (OTCMKTS:CDEVY) Shares Gap Up - Should You Buy?

Key Points

• City Developments Ltd. shares experienced a significant price increase, gapping up from $4.39 to $4.89 prior to trading, reflecting an 11.4% rise.
• The company has a debt-to-equity ratio of 0.94, indicating a relatively balanced approach to leveraging compared to its equity.
• With operations in 112 locations across 29 countries, City Developments is recognized as one of the largest real estate firms by market capitalization on the Singapore Exchange.

City Developments Ltd. (OTCMKTS:CDEVY - )'s share price gapped up prior to trading on Monday . The stock had previously closed at $4.39, but opened at $4.89. City Developments shares last traded at $4.89, with a volume of 240 shares.

City Developments Stock Up 11.4%

The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.94. The firm's 50 day simple moving average is $4.23 and its two-hundred day simple moving average is $3.91.

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.

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