Shares of New World Development Co. (OTCMKTS:NDVLY – Get Free Report) dropped 15% during mid-day trading on Friday . The stock traded as low as $0.51 and last traded at $0.51. Approximately 2,253 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 7,765 shares. The stock had previously closed at $0.60.
New World Development Price Performance
The business has a fifty day moving average of $0.58 and a 200 day moving average of $0.48. The company has a current ratio of 4.89, a quick ratio of 4.89 and a debt-to-equity ratio of 0.70.
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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