New World Development Co. (OTCMKTS:NDVLY – Get Free Report)’s share price shot up 14.5% during mid-day trading on Wednesday . The stock traded as high as $0.6392 and last traded at $0.6392. 563 shares traded hands during trading, a decline of 93% from the average session volume of 7,877 shares. The stock had previously closed at $0.5584.
New World Development Trading Up 7.4%
The company has a debt-to-equity ratio of 0.70, a quick ratio of 4.89 and a current ratio of 4.89. The firm’s 50 day moving average is $0.57 and its 200-day moving average is $0.48.
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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