Luk Fook Holdings (International) (OTCMKTS:LKFLF) Stock Price Down 8.5% – Should You Sell?

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

Wall Street Analyst Weigh In

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

Luk Fook Holdings (International) Trading Down 8.5 %

The company has a 50-day moving average of $1.89 and a 200-day moving average of $2.04.

About Luk Fook Holdings (International)

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.