Shares of New World Development Co. (OTCMKTS:NDVLY – Get Free Report) rose 11% during mid-day trading on Thursday . The company traded as high as $0.68 and last traded at $0.68. Approximately 125 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 9,218 shares. The stock had previously closed at $0.6125.
New World Development Stock Down 13.2%
The business has a fifty day simple moving average of $0.54 and a 200-day simple moving average of $0.47. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 0.70.
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.
Further Reading
- Five stocks we like better than New World Development
- A $1.57 Billion Bet on North American Gold
- Gold Ran First – but This Cycle May Belong to Silver
- 3 Signs You May Want to Switch Financial Advisors
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
- REVEALED: Something Big Happening Behind White House Doors
Receive News & Ratings for New World Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New World Development and related companies with MarketBeat.com's FREE daily email newsletter.
