City Developments (OTCMKTS:CDEVY) Stock Price Down 5.3% - What's Next?

Key Points

• City Developments Ltd. (CDEVY) experienced a significant stock price drop of 5.3%, trading as low as $5.15 with a notable decline in trading volume of 78% from its average.
• The company announced a dividend payment of $0.0188 per share, resulting in a 35.0% dividend yield, despite the recent decrease in stock value.
• City Developments has a debt-to-equity ratio of 0.94 and current ratios that indicate potential liquidity concerns, with a quick ratio and current ratio both at 0.81.

City Developments Ltd. (OTCMKTS:CDEVY - Get Free Report) dropped 5.3% on Friday . The stock traded as low as $5.15 and last traded at $5.15. Approximately 2,070 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 9,458 shares. The stock had previously closed at $5.44.

City Developments Price Performance

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 company's 50 day moving average is $5.03 and its two-hundred day moving average is $4.26.

City Developments Cuts Dividend

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

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.