City Developments (OTCMKTS:CDEVY) Share Price Crosses Below 50 Day Moving Average - Should You Sell?

City Developments Ltd. (OTCMKTS:CDEVY - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 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 trading hands.

City Developments Stock Down 4.2%

The company's fifty day moving average is $3.94 and its 200-day moving average is $3.80. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.94.

City Developments Increases Dividend

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

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.