Shares of New World Development Co. (OTCMKTS:NDVLY – Get Free Report) saw an uptick in trading volume on Thursday . 6,975 shares were traded during mid-day trading, an increase of 98% from the previous session’s volume of 3,514 shares.The stock last traded at $0.4234 and had previously closed at $0.4079.
New World Development Price Performance
The firm has a 50-day moving average price of $0.41 and a two-hundred day moving average price of $0.41. The company has a debt-to-equity ratio of 0.70, a current ratio of 4.89 and a quick ratio of 4.89.
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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