New World Development Co. (OTCMKTS:NDVLY – Get Free Report) was down 15% during trading on Friday . The company traded as low as $0.51 and last traded at $0.51. Approximately 2,253 shares changed hands during trading, a decline of 71% from the average daily volume of 7,765 shares. The stock had previously closed at $0.60.
New World Development Stock Down 15.0%
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 firm’s fifty day moving average price is $0.58 and its two-hundred day moving average price is $0.48.
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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