New World Development Co. (OTCMKTS:NDVLY – Get Free Report)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $0.4726, but opened at $0.4955. New World Development shares last traded at $0.4955, with a volume of 329 shares trading hands.
New World Development Trading Up 4.8%
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 stock’s fifty day simple moving average is $0.59 and its 200-day simple moving average is $0.49.
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.
Featured Stories
Receive News & Ratings for New World Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New World Development and related companies with MarketBeat.com's FREE daily email newsletter.
