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City Developments (OTCMKTS:CDEVY) Stock Price Crosses Below Fifty Day Moving Average - Time to Sell?

City Developments logo with Finance background

City Developments Ltd. (OTCMKTS:CDEVY - Get Free Report) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $3.93 and traded as low as $3.87. City Developments shares last traded at $3.87, with a volume of 3,208 shares changing hands.

City Developments Price Performance

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 company's 50-day moving average price is $3.94 and its 200-day moving average price is $3.80.

City Developments Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, May 6th were given a dividend of $0.0477 per share. This represents a dividend yield of 1.25%. The ex-dividend date was Monday, May 5th. This is a positive change from City Developments's previous dividend of $0.01.

About City Developments

(Get Free Report)

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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