Luk Fook Holdings (International) (OTCMKTS:LKFLF) Trading Down 8.5% – Here’s What Happened

Luk Fook Holdings (International) Limited (OTCMKTS:LKFLF) shares were down 8.5% during trading on Monday . The stock traded as low as $1.74 and last traded at $1.74. Approximately 11,863 shares changed hands during mid-day trading, an increase of 84% from the average daily volume of 6,452 shares. The stock had previously closed at $1.90.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Luk Fook Holdings (International) to a “hold” rating in a research report on Monday, October 7th.

Luk Fook Holdings (International) Stock Down 8.5 %

The company’s 50 day simple moving average is $1.89 and its 200-day simple moving average is $2.04.

Luk Fook Holdings (International) Company Profile

Luk Fook Holdings (International) Limited, an investment holding company, engages in sourcing, designing, wholesaling, trademark licensing, and retailing various gold and platinum jewelry, and gem-set jewelry products. It offers ring and pair rings, necklaces, pendants, earrings, bangles and bracelets, charms, figurines, accessories, and other products of various materials comprising diamond, gold, platinum, jadeite, gemstone, pearl, and silver materials.