New World Development (OTCMKTS:NDVLY) Shares Gap Down – Should You Sell?

New World Development Co. (OTCMKTS:NDVLYGet Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $0.4587, but opened at $0.3676. New World Development shares last traded at $0.4752, with a volume of 4,390 shares changing hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of New World Development from a “strong sell” rating to a “hold” rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Read Our Latest Report on New World Development

New World Development Stock Performance

The firm’s fifty day moving average is $0.45 and its 200-day moving average is $0.39. The company has a debt-to-equity ratio of 0.70, a current ratio of 4.89 and a quick ratio of 4.89.

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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