New World Development Co. (OTCMKTS:NDVLY – Get Free Report) shares rose 5.9% during trading on Thursday . The stock traded as high as $0.4304 and last traded at $0.4297. Approximately 2,206 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 12,108 shares. The stock had previously closed at $0.4058.
New World Development Trading Up 5.9%
The firm has a fifty day simple moving average of $0.46 and a 200 day simple moving average of $0.39. The company has a debt-to-equity ratio of 0.70, a current ratio of 4.89 and a quick ratio of 4.89.
About New World Development
New World Development Company Limited, an investment holding company, operates in the property development and investment business in Hong Kong and Mainland China. Its property portfolio includes residential, retail, office, and industrial properties. The company also provides commercial aircraft leasing services; operates expressways; and constructs residential and commercial projects, as well as whole life, term, dread disease, medical, disability, and accident insurance products.
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