New World Development Co. (OTCMKTS:NDVLY – Get Free Report) fell 14.3% on Monday . The stock traded as low as $0.5615 and last traded at $0.5615. 241 shares were traded during trading, a decline of 98% from the average session volume of 11,041 shares. The stock had previously closed at $0.6550.
New World Development Stock Performance
The company has a debt-to-equity ratio of 0.70, a current ratio of 4.89 and a quick ratio of 4.89. The firm’s 50 day simple moving average is $0.49 and its 200-day simple moving average is $0.45.
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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