New World Development Co. (OTCMKTS:NDVLY – Get Free Report)’s share price fell 20.7% on Tuesday . The company traded as low as $0.5730 and last traded at $0.5730. 1,526 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 10,937 shares. The stock had previously closed at $0.7230.
New World Development Price Performance
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 fifty day moving average of $0.50 and a 200-day moving average of $0.46.
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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