New World Development Co. (OTCMKTS:NDVLY – Get Free Report) shares were up 11.5% during mid-day trading on Thursday . The stock traded as high as $0.6387 and last traded at $0.6387. Approximately 126 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 10,407 shares. The stock had previously closed at $0.5730.
New World Development Stock Up 11.5%
The company has a current ratio of 4.89, a quick ratio of 4.89 and a debt-to-equity ratio of 0.70. The firm’s 50 day moving average is $0.51 and its 200 day moving average is $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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