CD Projekt (OTCMKTS:OTGLY) Stock Price Up 5.9% – Still a Buy?

CD Projekt S.A. (OTCMKTS:OTGLY) shares shot up 5.9% during trading on Monday . The company traded as high as $16.40 and last traded at $16.3685. 14,982 shares traded hands during trading, an increase of 16% from the average daily volume of 12,922 shares. The stock had previously closed at $15.45.

Wall Street Analysts Forecast Growth

OTGLY has been the subject of several analyst reports. Oddo Bhf raised shares of CD Projekt to a “neutral” rating in a report on Thursday, June 4th. Zacks Research upgraded shares of CD Projekt to a “hold” rating in a research report on Monday, June 1st. Finally, Barclays restated an “underweight” rating on shares of CD Projekt in a research report on Friday, August 28th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce”.

CD Projekt Trading Down 1.0%

The stock’s 50 day moving average is $16.18 and its 200 day moving average is $16.48.

About CD Projekt

CD Projekt SA is a Poland-based video game company best known for developing role-playing games through its CD Projekt Red studio. Its portfolio includes The Witcher series, based on the novels of Andrzej Sapkowski, and Cyberpunk 2077, along with related expansions and downloadable content.

The company also operates GOG, a digital distribution platform that sells downloadable PC and Mac games. GOG focuses on DRM-free products, classic games and selected new releases, while CD Projekt Red develops and publishes games for an international audience across major gaming platforms.

Founded in 1994 by Marcin Iwi?ski and Micha? Kici?ski, CD Projekt has grown from a Polish game distributor into a global entertainment company.