New World Development (OTCMKTS:NDVLY) Shares Gap Up – What’s Next?

New World Development Co. (OTCMKTS:NDVLY) gapped up before the market opened on Tuesday . The stock had previously closed at $0.4499, but opened at $0.4978. New World Development shares last traded at $0.5035, with a volume of 47,506 shares traded.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of New World Development from a “strong sell” rating to a “hold” rating in a research note on Monday, July 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

New World Development Stock Down 1.2%

The business’s 50 day moving average is $0.45 and its 200 day moving average is $0.38. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 0.70.

About New World Development

New World Development Company Limited, an investment holding company, operates in the property development and investment business in Hong Kong and Mainland China. Its property portfolio includes residential, retail, office, and industrial properties. The company also provides commercial aircraft leasing services; operates expressways; and constructs residential and commercial projects, as well as whole life, term, dread disease, medical, disability, and accident insurance products.