New World Development Co. (OTCMKTS:NDVLY – Get Free Report)’s share price rose 11% during trading on Thursday . The stock traded as high as $0.68 and last traded at $0.68. Approximately 125 shares traded hands during trading, a decline of 99% from the average daily volume of 9,218 shares. The stock had previously closed at $0.6125.
New World Development Trading Down 13.2%
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 business’s 50 day moving average is $0.54 and its two-hundred day moving average is $0.47.
New World Development Company Profile
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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