New World Development Co. (OTCMKTS:NDVLY - Get Free Report) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.42 and traded as low as $0.42. New World Development shares last traded at $0.42, with a volume of 6,823 shares changing hands.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group raised shares of New World Development from a "strong sell" rating to a "hold" rating in a research report on Monday, July 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold".
Read Our Latest Stock Analysis on NDVLY
New World Development Price Performance
The firm's 50 day moving average price is $0.42 and its two-hundred day moving average price is $0.36.
About New World Development
(
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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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