New World Development Co. (OTCMKTS:NDVLY – Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 103,415 shares were traded during trading, an increase of 794% from the previous session’s volume of 11,568 shares.The stock last traded at $0.40 and had previously closed at $0.4084.
New World Development Stock Performance
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 company has a 50-day moving average price of $0.43 and a 200-day moving average price of $0.40.
New World Development Company Profile
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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