New World Development Co. (OTCMKTS:NDVLY – Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $0.6649 and last traded at $0.6649, with a volume of 94989 shares traded. The stock had previously closed at $0.5630.
New World Development Stock Up 22.3%
The stock has a 50-day moving average price of $0.44 and a 200-day moving average price of $0.43. The company has a debt-to-equity ratio of 0.70, a current ratio of 4.89 and a quick ratio of 4.89.
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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