New World Development Co. (OTCMKTS:NDVLY – Get Free Report) shares reached a new 52-week low during trading on Monday . The stock traded as low as $0.3193 and last traded at $0.3193, with a volume of 116 shares changing hands. The stock had previously closed at $0.4013.
New World Development Price Performance
The stock has a 50-day simple moving average of $0.45 and a 200 day simple moving average of $0.51.
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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