New World Development Co. (OTCMKTS:NDVLY – Get Free Report) was up 14.5% on Wednesday . The stock traded as high as $0.6392 and last traded at $0.6392. Approximately 563 shares changed hands during trading, a decline of 93% from the average daily volume of 7,877 shares. The stock had previously closed at $0.5584.
New World Development Price Performance
The firm has a fifty day simple moving average of $0.57 and a 200 day simple moving average of $0.48. 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.
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