Shares of New World Development Co. (OTCMKTS:NDVLY – Get Free Report) traded down 14.3% during mid-day trading on Monday . The stock traded as low as $0.5615 and last traded at $0.5615. 241 shares were traded during mid-day trading, a decline of 98% from the average session volume of 11,041 shares. The stock had previously closed at $0.6550.
New World Development Trading Up 17.1%
The company has a debt-to-equity ratio of 0.70, a current ratio of 4.89 and a quick ratio of 4.89. The firm has a 50-day moving average price of $0.47 and a two-hundred day moving average price of $0.44.
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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