New World Development Co. (OTCMKTS:NDVLY – Get Free Report)’s share price fell 6.7% during mid-day trading on Tuesday. The stock traded as low as $0.2618 and last traded at $0.2618. 893 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 1,706 shares. The stock had previously closed at $0.2805.
New World Development Stock Performance
The stock’s 50-day moving average is $0.31 and its 200-day moving average is $0.44. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.49 and a current ratio of 3.49.
About New World Development
New World Development Co. Ltd. is a Hong Kong-based conglomerate focused primarily on property development and investment. The company develops and manages residential communities, office buildings, retail centers and integrated commercial projects, with activities spanning the premium, luxury and mass-market segments. The company also operates hospitality and lifestyle businesses, including hotels and retail, dining and cultural destinations associated with its K11 brand. Its portfolio has included major mixed-use developments in Hong Kong and mainland China, as well as projects incorporating offices, shopping facilities, residences, hotels and public amenities.
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