New World Development (OTCMKTS:NDVLY) Trading Up 11.5% – Here’s Why

New World Development Co. (OTCMKTS:NDVLYGet Free Report)’s stock price shot up 11.5% on Thursday . The stock traded as high as $0.6387 and last traded at $0.6387. 126 shares were traded during trading, a decline of 99% from the average session volume of 10,407 shares. The stock had previously closed at $0.5730.

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 moving average price is $0.52 and its 200-day moving average price is $0.46.

New World Development Company Profile

(Get Free Report)

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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