Shares of Icade (OTCMKTS:CDMGF – Get Free Report) were down 26.9% on Wednesday. The company traded as low as $16.62 and last traded at $16.62. 100 shares were traded during mid-day trading, a decline of 80% from the average session volume of 500 shares. The stock had previously closed at $22.75.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group cut shares of Icade to an “underperform” rating in a report on Wednesday. Two research analysts have rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.
Read Our Latest Stock Report on Icade
Icade Stock Down 26.9%
About Icade
Icade is a French real estate company that develops, owns, manages and invests in property assets. Its activities have historically focused on commercial real estate, including office buildings, business parks and urban development projects, as well as residential property development.
The company also has expertise in healthcare real estate, providing and managing property for healthcare operators such as clinics and care facilities. Icade’s operations are primarily concentrated in France, with a significant presence in the Paris region and other major French urban areas.
Founded in 1954 as the real estate subsidiary of Caisse des Dépôts, Icade adopted its current name in 2003.
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