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

City Developments Ltd. (OTCMKTS:CDEVY - Get Free Report) passed 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 Performance

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 business's fifty day simple moving average is $3.93 and its 200-day simple moving average is $3.79.

City Developments Increases Dividend

The business also recently declared a dividend, which was paid on Friday, May 30th. Shareholders of record on Tuesday, May 6th were issued a $0.0477 dividend. This is an increase from City Developments's previous dividend of $0.01. This represents a yield of 1.25%. The ex-dividend date of this dividend 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.