City Developments (OTCMKTS:CDEVY) Shares Gap Up – What’s Next?

Posted by Stanley Muller on Sep 4th, 2026

City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report)’s share price gapped up prior to trading on Friday . The stock had previously closed at $6.4150, but opened at $6.68. City Developments shares last traded at $6.68, with a volume of 2,760 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised City Developments from a “strong sell” rating to a “buy” rating in a report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

Read Our Latest Report on City Developments

City Developments Price Performance

The business’s 50-day simple moving average is $6.06 and its two-hundred day simple moving average is $6.47. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.00.

City Developments Company Profile

(Get Free Report)

City Developments Limited (OTCMKTS: CDEVY) is a Singapore-based real estate developer founded in 1963. As one of the country’s largest and most established property companies, it operates as part of the Hong Leong Group of Companies. Over the past five decades, City Developments has grown from its local beginnings into an international developer with a diversified portfolio spanning residential, commercial and mixed-use projects.

The company’s core activities include property development, investment and management.