Shares of New World Development Co. (OTCMKTS:NDVLY - Get Free Report) were up 16.4% during mid-day trading on Friday . The stock traded as high as $0.41 and last traded at $0.41. Approximately 275 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 11,927 shares. The stock had previously closed at $0.35.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group raised shares of New World Development from a "strong sell" rating to a "hold" rating in a report on Monday, July 21st.
Check Out Our Latest Stock Analysis on New World Development
New World Development Stock Performance
The firm's 50 day moving average is $0.35 and its 200 day moving average is $0.33.
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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