New World Development Co. (OTCMKTS:NDVLY – Get Free Report)’s share price was down 6.6% on Monday . The company traded as low as $0.4690 and last traded at $0.4690. Approximately 410 shares traded hands during trading, a decline of 94% from the average daily volume of 7,331 shares. The stock had previously closed at $0.5021.
New World Development Trading Up 10.5%
The stock has a fifty day simple moving average of $0.53 and a two-hundred day simple moving average of $0.50.
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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