New World Development Co. (OTCMKTS:NDVLY - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $0.47, but opened at $0.44. New World Development shares last traded at $0.44, with a volume of 167 shares traded.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group upgraded New World Development from a "strong sell" rating to a "hold" rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold".
Read Our Latest Research Report on New World Development
New World Development Stock Down 6.5%
The stock has a 50 day simple moving average of $0.42 and a two-hundred day simple moving average of $0.36.
New World Development Company Profile
(
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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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