New World Development Co. (OTCMKTS:NDVLY - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $0.50, but opened at $0.48. New World Development shares last traded at $0.53, with a volume of 4,301 shares.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group raised shares of New World Development from a "strong sell" rating to a "hold" rating in a research note on Monday, July 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold".
Check Out Our Latest Analysis on NDVLY
New World Development Trading Down 5.6%
The business has a 50-day moving average price of $0.39 and a 200-day moving average price of $0.35.
New World Development Company Profile
(
Get Free Report)
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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