Shares of City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report) crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $6.16 and traded as low as $5.41. City Developments shares last traded at $5.57, with a volume of 23,822 shares trading hands.
City Developments Stock Down 0.3%
The firm’s fifty day moving average price is $6.14 and its 200-day moving average price is $6.26.
About City Developments
City Developments Limited (OTCMKTS:CDEVY), commonly known as CDL, is a Singapore-based real estate operating company engaged in property development, investment and management. Its portfolio includes residential projects, office buildings, retail properties and integrated developments, with activities spanning the acquisition, development and management of real estate assets.
Founded in 1963, CDL has developed projects in Singapore and maintains an international presence through operations and investments in markets including the United Kingdom, Australia, Japan and other parts of Asia and Europe.
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