Grand City Properties (OTCMKTS:GRNNF) Shares Down 3.7% – Should You Sell?

Grand City Properties S.A. (OTCMKTS:GRNNF) shares traded down 3.7% during mid-day trading on Wednesday . The stock traded as low as $11.57 and last traded at $11.57. 500 shares were traded during trading, a decline of 74% from the average session volume of 1,892 shares. The stock had previously closed at $12.01.

Analysts Set New Price Targets

GRNNF has been the subject of a number of recent research reports. Jefferies Financial Group upgraded shares of Grand City Properties to a “buy” rating in a research report on Sunday, September 7th. The Goldman Sachs Group cut shares of Grand City Properties from a “buy” rating to a “neutral” rating in a research note on Thursday, December 4th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Grand City Properties Trading Down 3.7%

The stock’s fifty day moving average price is $12.44 and its 200-day moving average price is $12.29.

About Grand City Properties

Grand City Properties SA engages in the residential real estate business in Germany, the United Kingdom, and internationally. The company invests in, manages, and rents real estate properties in North Rhine-Westphalia and Berlin; metropolitan regions of Dresden, Leipzig, and Halle; and the cities in the north of Germany, Bremen, Hamburg, and Hannover, as well as other major urban centers, such as Nuremberg, Munch, Mannheim, Frankfurt, and London.