New World Development Co. (OTCMKTS:NDVLY – Get Free Report) shares traded up 7.2% on Wednesday . The stock traded as high as $0.6950 and last traded at $0.6950. 919 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 10,881 shares. The stock had previously closed at $0.6481.
New World Development Stock Up 8.0%
The company has a debt-to-equity ratio of 0.70, a current ratio of 4.89 and a quick ratio of 4.89. The stock’s 50 day moving average price is $0.48 and its two-hundred day moving average price is $0.45.
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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