New World Development Co. (OTCMKTS:NDVLY – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $0.4892, but opened at $0.5157. New World Development shares last traded at $0.5157, with a volume of 1,040 shares trading hands.
New World Development Trading Up 7.2%
The company has a fifty day simple moving average of $0.41 and a two-hundred day simple moving average of $0.42. The company has a debt-to-equity ratio of 0.70, a current ratio of 4.89 and a quick ratio of 4.89.
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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