New World Development Co. (OTCMKTS:NDVLY - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $0.40, but opened at $0.45. New World Development shares last traded at $0.47, with a volume of 124,506 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 investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold".
Read Our Latest Stock Report on NDVLY
New World Development Stock Up 15.1%
The stock's 50-day moving average price is $0.38 and its 200 day moving average price is $0.35.
About New World Development
(
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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