New World Development Co. (OTCMKTS:NDVLY – Get 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
About New World Development
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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