New World Development Co. (OTCMKTS:NDVLY – Get Free Report) traded up 12.1% during mid-day trading on Tuesday . The stock traded as high as $0.5485 and last traded at $0.5485. 965 shares were traded during mid-day trading, a decline of 69% from the average session volume of 3,100 shares. The stock had previously closed at $0.4892.
New World Development Price Performance
The company has a debt-to-equity ratio of 0.70, a quick ratio of 4.89 and a current ratio of 4.89. The company has a 50-day moving average of $0.42 and a 200 day moving average of $0.42.
About New World Development
New World Development Company Limited is a Hong Kong–based conglomerate founded in 1970 by Dr. Cheng Yu-Tung. The company’s core business lies in property development and investment, encompassing residential, commercial and retail projects. Through its flagship developments and joint ventures, New World Development has established a reputation for large-scale mixed-use complexes, premium office towers and luxury residential communities in Greater China and beyond.
Beyond property, New World Development has diversified into infrastructure and services via its listed subsidiary, NWS Holdings.
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