New World Development (OTCMKTS:NDVLY) Trading Down 12.5% - What's Next?

Key Points

• New World Development's stock price fell 12.5%, trading as low as $0.42, with a significant drop in share volume by 90% from the average.
• The Goldman Sachs Group upgraded the stock rating from "strong sell" to "hold", contributing to a current average rating of "hold" among analysts.
• New World Development primarily operates in the property development and investment sector, including residential and commercial properties, and offers additional services such as aircraft leasing.

New World Development Co. (OTCMKTS:NDVLY - Get Free Report)'s stock price fell 12.5% during trading on Tuesday . The stock traded as low as $0.42 and last traded at $0.42. 1,166 shares were traded during trading, a decline of 90% from the average session volume of 12,082 shares. The stock had previously closed at $0.48.

Analyst Upgrades and Downgrades

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 analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold".

New World Development Stock Down 12.5%

The firm's 50 day moving average price is $0.42 and its 200-day moving average price is $0.36.

New World Development Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.