New World Development Co. (OTCMKTS:NDVLY – Get Free Report) shares saw strong trading volume on Wednesday . 14,210 shares traded hands during mid-day trading, an increase of 367% from the previous session’s volume of 3,040 shares.The stock last traded at $0.5819 and had previously closed at $0.5705.
New World Development Stock Performance
The company has a debt-to-equity ratio of 0.70, a quick ratio of 4.89 and a current ratio of 4.89. The business’s 50 day moving average price is $0.42 and its 200-day moving average price is $0.42.
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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