City Developments (OTCMKTS:CDEVY) Stock Price Crosses Below 50-Day Moving Average - What's Next?

City Developments Ltd. (OTCMKTS:CDEVY - Get Free Report) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.88 and traded as low as $3.68. City Developments shares last traded at $4.04, with a volume of 168,650 shares traded.

City Developments Stock Up 7.8%

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 firm's 50 day simple moving average is $3.90 and its 200 day simple moving average is $3.78.

City Developments Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 6th were given a $0.0477 dividend. This is a positive change from City Developments's previous dividend of $0.01. This represents a yield of 1.25%. The ex-dividend date 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.