New World Development Co. (OTCMKTS:NDVLY – Get Free Report) shares fell 11.1% on Monday . The company traded as low as $0.6052 and last traded at $0.6052. 4,218 shares traded hands during trading, a decline of 67% from the average session volume of 12,688 shares. The stock had previously closed at $0.6804.
New World Development Stock Down 18.0%
The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 0.70. The stock has a 50 day simple moving average of $0.46 and a 200-day simple moving average 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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