New World Development Co. (OTCMKTS:NDVLY - Get Free Report) was down 8.9% during trading on Thursday . The company traded as low as $0.49 and last traded at $0.50. Approximately 870 shares changed hands during trading, a decline of 93% from the average daily volume of 12,648 shares. The stock had previously closed at $0.55.
Analyst Ratings Changes
Separately, The Goldman Sachs Group upgraded 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 data from MarketBeat, the stock has an average rating of "Hold".
Read Our Latest Report on NDVLY
New World Development Stock Down 8.9%
The company has a debt-to-equity ratio of 0.70, a quick ratio of 4.89 and a current ratio of 4.89. The firm has a 50-day moving average price of $0.44 and a two-hundred day moving average price of $0.37.
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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